GLOBAL — Merrill Lynch's fund management division recorded "a significant improvement" in profitability during the first quarter of 2002, posting pre-tax earnings of $117m, said the firm.
Merrill Lynch Investment Managers (MLIM), the fund management arm of the Wall Street giant, saw pre-tax earnings rise 24% to $117m compared to the $94m posted at the same time last year. MLIM recor...
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