updated with correction
Goldman Sachs Asset Management reported $840 billion in assets, unchanged from the prior quarter and from the year before.
Net market appreciation of $12 billion was offset by net outflows in money market and fixed-income assets totaling $12 billion over the latest three-month period, according to parent Goldman Sachs Group’s earnings statement.
Net outflows for the latest quarter were $7 billion from money market strategies and $5 billion from fixed-income strategies. The company's flows for equity and alternative strategies were flat.
The firm reported fixed-income assets of $338 billion as of March 31, down 1% from the prior quarter and 4% higher than the year before. Money market strategies were at $201 billion, down 3% in the quarter and down 8% for the year. Alternative investments were at $151 billion, up 2% for the quarter and 3% higher than a year earlier; and equity assets were at $150 billion, up 4% for the quarter and flat from a year earlier.
Asset management revenue for the latest quarter came to $1.27 billion, down 16% from the prior quarter and up 16% from the year-earlier quarter.