Several managers reported increases in assets under management for the most recent year.
•Barclays Global Investors reported a 15% increase in assets under management in 2007, growing to $2.079 trillion as of Dec. 31, confirmed spokesman Lance Berg. Net inflows were $86 billion, up 26%; the acquisition of Indexchange added $23 billion; and BGI added $127 billion and $29 billion, respectively, from market and currency movements, according to a company statement.
Exchange-traded funds accounted for roughly half of the growth; the firm's iShares climbed 42% to $408 billion. The number of iShares funds jumped to 324 from 191. Indexed assets increased 11% to $1.225 trillion; actively managed strategies were up 6% to $446 billion.
San Francisco-based BGI earned $1.4 billion before taxes for the year, up 3% from 2006, on revenue of $3.8 billion, up 15%.
•BNP Paribas' asset management division reported €278.3 billion ($278.3 billion) in assets under management as of Dec. 31, a 10.7% increase for the year, according to the Paris-based bank's annual report.
The division lost €4.1 billion in the fourth quarter, according to the report. The asset management and services group which includes private banking, insurance and real estate services in addition to asset management had a net outflow of €2.6 billion in the third quarter, but a €1.7 billion net asset inflow in the fourth quarter, according to the report.
Institutions make up about 27% of the company's asset management clientele, according to the report. Growth outside France in countries such as Italy, Brazil, India and Singapore helped boost assets under management, according to the news release.
Spokeswoman Sandrine Romano couldn't be reached for further comment.
•Eaton Vance Corp., Boston, reported $152.9 billion in assets under management as of Jan. 31, the end of its fiscal 2008 first quarter. That figure was a drop of 5.4% from the prior quarter but a 13% increase for the year. The company said first-quarter net inflows of $3.6 billion up from $2.2 billion for the prior quarter but down from $6 billion for the year-earlier quarter were more than offset by market depreciation of $12.3 billion.
The company's bank loan funds saw the sharpest decline in assets, down 9.9% from the prior quarter to $18.4 billion and down 9.5% from the year before; equity funds dropped 7.3% from the prior quarter to $70 billion but rose 18% from the year before.
Revenue for the quarter came to $289.8 million, down 1.4% from the prior quarter but up 19% from the year before. Net income, meanwhile, came to $57.9 million, down 5.6% from the prior quarter but up sharply from $2.6 million the year before, when closed-end-fund-related expenses depressed earnings.
•London-based Ashmore Group PLC reported $36.5 billion in assets under management for the six months ended Dec. 31, up 16% from June 30. In a news release, the company attributed the increase to the launch of new funds and investment styles. During the period, Ashmore launched its fifth investment fund, the Ashmore Emerging Markets Corporate High Yield fund, which had $600 million in assets under management as of Dec. 31. The listing of Ashmore Global Opportunities Ltd. on the London Stock Exchange on Dec. 12 also raised €500 million ($744 million).
•Hedge fund manager Och-Ziff Capital Management Group LLC, New York, reported $33.4 billion in assets under management as of Dec. 31, up 48% from a year earlier, driven by net inflows and appreciation as the company's funds delivered strong absolute returns despite volatile market conditions in the third and fourth quarters of 2007, according to the firm's fourth-quarter earnings statement. The firm's flagship OZ Master Fund returned 11.5% for the year, compared to 5.5% for the S&P 500 index.
The asset increase includes $1.6 billion of after-tax proceeds from the firm's IPO and sale of a stake to Dubai International Capital invested by Och-Ziff's partners, mostly in the OZ Global Special Investments Master Fund. Och-Ziff Capital also reported a net loss of $917 million in 2007, primarily reorganization expenses associated with its IPO.