Money manager performance
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Casey Quirk: Global public money managers see 13% revenue growth in 2014
truePublicly traded fund management firms globally delivered median revenue growth of 13% in 2014 and a median profit margin level of 33% — the highest in five years, analysis by money manager consultant Casey, Quirk & Associates shows.
New York state comptroller: Wall Street bonus pool jumped by 3% in 2014
trueWall Street's bonus pool rose 3% to $28.5 billion in 2014, according to estimates by New York state Comptroller Thomas DiNapoli.
OM Asset Management's AUM up 3.3% in quarter, 11.1% for year
trueOM Asset Management reported $220.8 billion in assets under management as of Dec. 31, up 3.3% from Sept. 30 and up 11.1% from Dec. 31, 2013.
Fortress Investment Group reports 2.2% AUM gain in fourth quarter
trueFortress Investment Group reported $67.5 billion in assets under management as of Dec. 31, up 2.2% from three months earlier and up 9.4% from a year earlier.
Allianz reports 144.8 billion euros in net outflows at PIMCO in fourth quarter
trueAssets under management at Allianz's money management arm decreased 3.8% to €1.8 trillion ($2 trillion) in the quarter ended Dec. 31, but were up 1.8% for the year, despite continued outflows following former PIMCO Chief Investment Officer William H. Gross' September departure.
AllianceBernstein's assets flat in fourth quarter, up 5.2% for year
trueAllianceBernstein reported $474 billion in assets under management as of Dec. 31, which is flat from Sept. 30 but up 5.2%, from a year earlier.
Voya AUM flat in quarter, up 1.8% for year
trueoya Financial’s assets under management as of Dec. 31 totaled $279 billion, the same as the previous quarter, and up 1.8% from the year before, its earnings report released Wednesday said.
Oaktree AUM dips in quarter, up for year
trueOaktree Capital Group reported $90.8 billion in assets under management as of Dec. 31, down 2.6% from three months earlier, but up 8.6% from a year earlier, the firm said in its quarterly report released Monday.
Managers with good returns, outperformance charge lower fees — bfinance study
trueMoney managers that achieve consistent returns and outperformance tend to adopt a below-average fees, said a new study by consultant bfinance.
Aberdeen AUM flat in quarter after outflows across all strategies
trueAberdeen Asset Management reported assets under management of £323.3 billion ($486.6 billion), as of Dec. 31, a 0.34% drop from three months earlier, with outflows across all four parts of the business.
Artisan Partners AUM inches up 2.3% for the year
trueArtisan Partners Asset Management saw assets under management increase slightly in the fourth quarter of 2014 to $107.9 billion, capping what President and CEO Eric Colson said in an earnings release were “mixed results” for the company last year.
Franklin Resources' AUM and net income drop in fourth quarter
trueFranklin Resources reported declines in assets under management, profit and revenue for the quarter ended Dec. 31.
Legg Mason's AUM flat in quarter; liquidity outflows cancel strong fixed-income growth
trueLegg Mason reported $709.1 billion in assets under management as of Dec. 31, flat from three months earlier up 4% from a year earlier.
Blackstone Group's AUM climbs 9% for year to record $290 billion
trueBlackstone Group reported a record $290 billion in assets under management as of Dec. 31, up 2% from Sept. 30 and up 9% from Dec. 31, 2013.
Invesco's AUM flat from prior quarter, up 2% for year
trueInvesco on Thursday reported $792.4 billion in assets under management of as of Dec. 31, flat from the end of the previous quarter and up 2% from a year earlier.