Old Mutual Asset Management’s 18 asset management boutiques had combined assets under management of $247.1 billion as of June 30, up 11% from the prior quarter but down 21% from the year before, the company reported.
Its affiliates garnered a total of $2.6 billion in net inflows for the latest quarter, more than reversing a $2 billion outflow for the prior quarter, according to an OMAM news release. The latest gains came despite a $1.5 billion reduction in AUM related to the closure of international equity boutique Clay Finlay during the second quarter.
Market-related gains for the latest three months came to $23.8 billion, compared to a $16.2 billion first-quarter decline.
