Mellon increases AuM by 11%

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GLOBAL - Assets under management at the Mellon Financial Corporation increased by 11% in the first quarter of 2006, achieving a record US$808bn by end March, according to the firm.

The increase was attributed to improved equity markets and net inflows of $29bn from 31 March 2005. Results for the first quarter of 2006 compared with the first quarter of 2005 reflected a 114%...

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