Goldman Sachs reported $849 billion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of June 30, down 1% from the prior quarter but up 2% from the year before, according to its third-quarter earnings statement issued Tuesday.
Assets under supervision, which includes other client assets along with AUM, totaled $955 billion for the latest quarter, also down 1% from three months earlier but up 4% over a year earlier.
For the latest quarter, market-related declines were $11 billion; net outflows were $2 billion, compared to net outflows of $9 billion in the previous quarter and net inflows of $21 billion for the second quarter 2012.
GSAM's liquidity products had $9 billion in net outflows in the latest quarter, while alternatives saw outflows of $4 billion, fixed-income strategies had net inflows of $10 billion and equity strategies saw net inflows of $1 billion.
Goldman Sachs reported $412 billion in fixed-income AUS, down 1% from the prior quarter but up 6% from the second quarter 2012; $227 billion in liquidity products, down 4% for both the previous and year-ago quarters; $173 billion in equities, up 1% for the quarter and 16% higher than the second quarter of last year; and $143 billion in alternatives, down 2% from the last quarter and 1% below 12 months earlier.
Investment management revenues for the latest quarter came to $1.3 billion, up 1% from three months earlier and unchanged from the year-earlier quarter.
Second-quarter investment management fees were $1.1 billion, up 4% from three months earlier and 8% higher than 12 months earlier.