Money manager performance
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LGIM's assets rise 11.7% for year, down 3% for quarter
trueLegal & General Investment Management’s assets under management increased 11.7% to £714.6 billion ($1.1 trillion) for the year ended June 30. AUM was up 0.9% for the six months ended June 30, but decreased 3% for the latest three-month period.
Russell Investments' AUM drops 5% for year as LSE continues sale process
trueRussell Investments’ assets under management fell 5% to $266 billion for the year ended June 30, said parent firm London Stock Exchange Group’s half-year financial update.
Voya's assets flat for quarter and year
trueVoya Financial's assets under management totaled $283 billion as of June 30, flat from both three months earlier, and from the year before.
PIMCO clients pull $2.5 billion from Total Return Fund in July
trueInvestors pulled $2.5 billion from Pacific Investment Management Co.'s flagship fund in July, the 27th consecutive month of outflows from what used to be the world's largest mutual fund.
Och-Ziff sees assets rise 4.6% for year ended June 30
trueOch-Ziff Capital Management Group’s assets under management totaled $48 billion as of June 30, up 4.6% on a year-to-year comparison, but down 0.6% for the three-month period.
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.