Money manager performance
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McKinsey: Manager AUM up 5% in 2014; profit margin back to pre-crisis level
trueNorth American money managers' assets under management reached an all-time high of $31 trillion in 2014, up 5% from the previous year, said a report from management consulting firm McKinsey & Co.
Dutch money managers' AUM falls 4.5% in quarter
trueAssets managed by Dutch investment firms fell 4.5% over the three months ended Sept. 30 to €737 billion ($794 billion), with the value of investments in equity strategies alone dropping 11.6%.
Amundi's AUM jumps 8.5% in first 9 months of the year
trueAmundi Asset Management's assets under management increased 8.5% to €952 billion ($1.07 trillion) over the nine months ended Sept. 30, but fell 0.2% in the latest quarter.
Hedge fund assets fall in quarter the most since late 2008 — HFR
trueHedge fund industry assets fell 3.2%, or $95 billion, to $2.873 trillion during the three months ended Sept. 30, the largest quarter-to-quarter drop since the fourth quarter of 2008.
Ashmore Group's AUM plummets 21.5% for year
trueAshmore Group’s assets under management fell 7.5% for the six months ended June 30 and dropped 21.5% over the 12-month period, to $58.9 billion.
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.