Artisan Partners Q1: AUM Dips, Strategies Shine

Artisan Partners Asset Management reported their first quarter earnings, with AUM at $173 billion, down 4% from December but up 7% year over year. They boast impressive long-term performance, with 74% of AUM beating benchmarks over three years, 76% over five, and 99% over ten years. Short-term, they saw $3.1 billion in net outflows, but credit, alternatives, and Sustainable Emerging Markets saw inflows. They won awards, onboarded Grand View Property Partners, and expanded distribution. Financials showed a 10% drop in revenues, a 4% rise in expenses, and a 31% dip in adjusted net income per share. They declared a $0.77 quarterly dividend, down 24% from last quarter. AUM rebounded to nearly $184 billion by late April, with solid pipelines in credit, alternatives, and emerging markets. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/ea3926a88a337e8e