Artisan Partners trails only Fortress among money managers in its trading debut

Equity manager Artisan Partners Asset Management began trading publicly on Thursday and closed at $38.83, 29% higher than its offering price of $30 per share. Only Fortress Investment Group, which began trading on Feb. 9, 2007, posted a greater one-day gain over its offering price (68%) than Artisan. The Blackstone Group, which began trading on June 22, 2007, ended its first day of trading more than 13% above its offering price.