Turner Investments put its IPO plans on hold.
The money manager, which had $26.8 billion in assets under management as of June 30, filed a request Friday with the SEC to withdraw its registration statement, a company spokesman confirmed.
The move follows a year of tumultuous market declines since the growth equity boutique’s Sept. 18, 2007, announcement that it would seek to complete an initial public offering of as much as one-third of the firm’s equity by the end of 2007. The Turner spokesman declined to give further details.
