Money manager performance
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Fortress' assets gain 3% in quarter, up 12.8% for year
trueFortress Investment Group reported $72 billion in assets under management as of June 30, a 3% increase from three months earlier and up 12.8% from the year before, the company said in its second-quarter earnings release on Thursday.
Schroders AUM up 3.3% in first 6 months on £8.8 billion in net inflows
trueSchroders’ assets under management increased 3.3% to £309.9 billion ($480.4 billion) over the six months ended June 30, but the strengthening of sterling hit investment returns over the second quarter in particular.
Invesco AUM relatively flat for quarter, year
trueInvesco on Thursday reported $803.6 billion in assets under management as of June 30, up 0.7% from three months earlier and flat from a year earlier.
AllianceBernstein's assets inch down despite inflows
trueAllianceBernstein reported $485.1 billion in assets under management as of June 30, down 0.2% from March 31 but up 1% from a year earlier.
Carlyle AUM flat in quarter, down 4.9% for year
trueCarlyle Group's assets under management totaled $192.8 billion as of June 30, primarily unchanged from three months previous, when the alternative money manager reported $192.7 billion, its earnings report showed.
Man Group assets rise 8.1% in first half, buoyed by acquisitions
trueMan Group's assets under management increased 8.1% to $78.8 billion in the six months ended June 30, bolstered by acquisitions and investment performance over the period.
Artisan Partners AUM up 0.4% for quarter, down 2.6% for year
trueArtisan Partners Asset Management on Tuesday reported $109.2 billion in assets under management as of June 30, up 0.4% from March 31 but down 2.6% from a year earlier.
Oaktree AUM up 3% in quarter and 13% for year, reaches $103 billion
trueOaktree Capital Group's assets under management rose to a record $103 billion as of June 30, up 3% from three months prior and up 13% from the year-earlier period, the alternative investment firm's earnings report shows.
AMG's assets up 1.7% in quarter, sees net inflows of $4.1 billion
trueAffiliated Managers Group reported total assets under management of $642.7 billion as of June 30, up 1.7% from three months earlier and up 5.9% from a year earlier, the company said in its earnings statement Tuesday.
Get ready for underperformance, private equity consultant says
trueThe average private equity returns will underperform the public market over the next five years, in part because of the high prices private equity firms are paying for businesses, said David Fann, president and CEO of private equity consulting firm TorreyCove Capital Partners.
BlackRock's AUM down in quarter; firm records $28.9 billion in institutional net outflows
trueBlackRock's assets under management totaled $4.721 trillion as of June 30, down 1% from three months earlier but up 3% from a year ago, BlackRock's earnings statement released Wednesday showed.
HFR: Hedge funds return 2.4% in first half of year, topping U.S. markets
trueHedge fund returns ended the first half of the year positively, with the HFRI Fund Weighted Composite index returning 2.4% in the six months ended June 30.
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.