The following money managers announced their first-quarter assets under management:
• AllianceBernstein Holding reported $741.7 billion in assets under management, up 3.5% from the previous quarter and up 20.1% from the year before, according to a filing. The biggest growth came from institutional investments, which grew 63.2% for the quarter to $468.4 billion. The firms retail business grew 23.3% to $173 billion, and its private client business grew 13.5% to $100.3 billion. Net inflows were $13.3 billion, up 25.5% from the prior quarter. Net inflows over the past 12 months were $49.1 billion. The firm reported net revenues of $1.04 billion for the quarter, down 12.6% from the previous quarter but up 16.6% from last year. AllianceBernstein reported net income of $268 million, up 17.6% form the previous year.
• Franklin Resources reported $576 billion in AUM, up 4.2% from the previous quarter and up 17.2% from the year before, according to an earnings release. Net income was $440.9 million, up 3.3% from the previous quarter and 124% from the year before. Last year, a couple of one-time charges drove net income lower than it would have been otherwise, said Christine Hurley, spokeswoman.
• AMVESCAP reported $471.2 billion in assets under management, a 1.9% increase from the previous quarter, according to a filing earlier today. The companys assets increased by 14.7% over last year. AMVESCAP reported inflows of $30.4 billion during the quarter, outflows of $29.7 billion and market gains of $8 billion, prompting the total increase in assets. Overall, the company reported a net operating profit of $237.2 million for the quarter, a 5.2% decrease from the previous quarter and a 26.7% increase from a year ago.
• Janus Capital Group reported $176.2 billion in assets under management, an increase of 5.1% from the prior quarter and an increase of 11.4% from the year before. The first-quarter increase is a result of $3.9 billion in market appreciation and fund performance, $3.1 billion in long-term net inflows and $1.5 billion in money market net inflows, according to an earnings release. The firm brought in fees of $247.9 million, including investment management, performance and shareowner servicing fees, up 2.8% from the prior quarter and 6.6% higher than the prior year. Net income for the latest quarter came to $35.6 million, down 5.6% from the previous quarter and up less than 1% from the year before.
The firms INTECH subsidiary brought in long-term net inflows of $3.1 billion in the quarter ended March 31, down from $3.6 billion the prior quarter. On March 30, Janus bought another 4% share in INTECH, bringing total ownership to 86.5%. While Janus may increase its stake in INTECH, the firm believes in employee ownership and will never own 100% of the subsidiary, said spokeswoman Shelley Peterson.