Goldman Sachs' assets under management totaled $819 billion in the second quarter, up 6% from the prior quarter.
The firm's June 30 assets were down 8% from the May 31, 2008, close of the year-earlier second quarter. Goldman Sachs last year changed its fiscal year end to Dec. 31 from Nov. 30.
For the latest quarter, the firm reported market appreciation of $42 billion and net inflows of $6 billion, partly reversing net outflows of $11 billion for the prior quarter. Fixed-income strategies received $6 billion in net inflows for the quarter, while $3 billion in money market inflows were offset by alternatives and equity outflows of $2 billion and $1 billion, respectively.
Equity AUM enjoyed the strongest increase over the past quarter, up 20% to $121 billion, although still down 43% from the second quarter of 2008.
Fixed-income assets, meanwhile, rose 10% to $272 billion, marking a rise of 1% from the second quarter 2008.
Alternatives and money market assets each edged up 1% to $142 billion and $284 billion, respectively, for the quarter. Alternatives were down 3% from May 30, 2008, but money market assets rose 6%.
Goldman reported asset management revenues of $922 million for the three months ended June 30, down 3% from the prior quarter and off 21% from the three months ended May 30, 2008.