Lehman Brothers reported $236 billion in assets under management for its fiscal first quarter ended Feb. 28, according to a news release. Lehmans assets increased 4.9% for the quarter, while its assets grew 25.5% during the 12-month period. Assets increased in its equity, fixed-income, money market and alternative investment businesses, in both the recent quarter and the year. The largest increase was in money markets, which grew 16.7% during the quarter and 75% for the year, to $56 billion at the end of February. Lehman now has $96 billion in equity assets, $62 billion in fixed income and $22 billion in alternatives.
Separately, AXA Investment Managers saw assets under management rise 12% to €485 billion ($639.6 billion) in 2006, with net inflows of €23 billion from institutional clients during the year, according to a statement. Revenue rose 40% to €1.1billion, compared to a 28% rise in 2005, said Marianne Huve-Allard, global head of communications. The jump in revenue reflected increased performance fees as well as client demand for higher margin and alternative investment products.