Goldman Sachs reported $856 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of Sept. 30, an increase of 2.4% from the previous quarter and 4.3% from the third quarter of 2011, according to the company's third-quarter earnings report released Tuesday.
The company reported net outflows of $1 billion for the quarter, compared to $16 billion in net inflows in the second quarter, assisted by the addition of $17 billion in fixed income from the company's May 15 acquisition of stable value boutique Dwight Asset Management.
Net inflows for the third quarter of 2011 totaled $6 billion.
Fixed-income inflows for the third quarter totaled $5 billion, down from $12 billion in the second quarter and compared to $5 billion in outflows the previous year. Alternative investments had net outflows of $3 billion for the quarter, compared to net outflows of $1 billion the previous quarter, and equity had net outflows of $1 billion for the quarter, compared to $2 billion in net outflows the previous quarter.