Money manager performance
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Money manager M&A activity up slightly in first 6 months; less AUM involved
trueThe number of announced money manger acquisitions globally was 50 in the first half of 2015, up slightly from the first half of 2014 when 48 deals took place, said a report from investment banking firm Freeman & Co. on Wednesday.
Lawmakers propose bill to end carried interest
truePrivate equity and other private fund managers would pay regular tax rates under a legislative proposal introduced Thursday that would end carried interest.
Majority of managers not confident in accuracy of their investment performance stats — survey
trueMore than half, or 53%, of money managers surveyed by SimCorp said they are not confident that investment performance figures they report are accurate.
AMG: Boutique managers demonstrate consistent outperformance
trueAn analysis by Affiliated Managers Group released this week found active equity boutique investment managers outperformed non-boutiques by an annual average of 51 basis points over the past 20 years.
Florida State Board of Administration places 3 equity managers on watch
trueFlorida State Board of Administration, Tallahassee, placed on watch Quantitative Management Associates, Stephens Investment Management Group and BMO Global Asset Management, which run a combined $2.4 billion.
Ares' AUM gains 6.2% in quarter, 12.8% for year
trueAres Management’s assets under management totaled $86.9 billion as of March 31, up 6.2% from three months earlier and up 12.8% from a year earlier.
Allianz AUM increases 7.3% in quarter despite $76.4 billion in PIMCO net outflows
trueAssets under management at Allianz's money management arm increased 7.3% to €1.9 trillion ($2.1 trillion) for the three months ended March 31, and increased 9.5% from March 31, 2014, despite continued net outflows at PIMCO.
Voya's AUM rises 1.8% in quarter
trueVoya Financial's assets under management totaled $284 billion as of March 31, up 1.8% from three month earlier, and up 1.6% from the year before.
Legal & General Investment Management reports 17% AUM gain for the year
trueLegal & General Investment Management’s assets under management increased 4% to £736.8 billion ($1.1 trillion) over the three months ended March 31.
Och-Ziff's AUM increases 13.4% for the year on strong credit gains
trueOch-Ziff Capital Management Group reported $48.3 billion in assets under management as of March 31, up 1.7% in the quarter and up 13.4% in the 12-month period.
Franklin Resources' AUM flat in quarter on net outflows, currency changes
trueFranklin Resources reported Wednesday total assets under management of $880.6 billion as of March 31, up 0.1% from three months earlier and down 1% year-over-year.
Carlyle Group AUM declines for second straight quarter
trueCarlyle Group's assets under management dropped 0.9% in the quarter ended March 31 to $192.7 billion, the second quarter in a row for a decrease.
Artisan Partners AUM inches up despite outflows in U.S. midcap, small-cap strategies
trueArtisan Partners Asset Management on Tuesday reported net outflows of $2.2 billion in the first quarter of 2015, but market gains helped bring assets under management to $108.7 billion as of March 31, up 0.7% from Dec. 31 and up 1.2% year-over-year.
Federated Investors AUM down 2% in quarter
trueFederated Investors reported $355.8 billion in assets under management as of March 31, down 2% from three months earlier and down 3% a year earlier, said its first-quarter earnings release Thursday.
Janus Capital AUM up 3.6% in quarter
trueJanus Capital Group’s assets under management as of March 31 totaled $189.7 billion, up 3.6% from three months earlier and up 9% from a year earlier, the company announced in its first-quarter earnings release Thursday.