Goldman Sachs reported assets under management of $771 billion as of March 31, down 3.4% from the prior quarter, the company announced today.
The firm, which changed the end of its fiscal year to Dec. 31 from Nov. 30 when it became a bank holding company late last year, didn’t provide year-on-year AUM figures.
In a news release, the firm said it sustained $16 billion in market-related declines during the latest quarter, largely in equity assets, and $11 billion of net outflows.
The AUM figures combine the totals for the company’s Goldman Sachs Asset Management division, and the group’s wealth management and merchant banking division funds, said spokeswoman Andrea Raphael.
By asset class, the firm reported alternative assets of $141 billion as of March 31, down 2.8% from the prior quarter; equity assets of $101 billion, down 11.4%; fixed-income assets of $248 billion, down 2%; and money market assets of $281 billion, down 1.7%.
Goldman Sachs reported net earnings of $1.81 billion for the quarter and net revenues of $9.43 billion.
Separately, Calamos Asset Management’s assets under management as of March 31 totaled $23.5 billion, down 2% from the previous quarter and 43% below a year earlier, according to a financial statement from the company.
Calamos had $17.1 billion in mutual fund assets as of March 31, down 2% from the previous quarter and down 44% from March 2008. Separate-account assets were $6.4 billion, down 1.5% from the previous quarter and down 37% from a year ago.
