State Street Global Advisors had $2.381 trillion in assets under management as of March 31, up 1.5% from three months earlier and 9.4% higher than a year ago, according to parent company State Street Corp.'s earnings announcement Friday.
SSgA had $1.365 trillion in equity AUM as of March 31, down 0.8% from three months earlier but up 15.8% from a year ago; $419 billion in cash, up 8.8% from Dec. 31 and up 9.4% from March 31, 2013; $336 billion in fixed income, up 2.8% from three months prior but down 1.5% from 12 months ago; $133 billion in multiasset, unchanged from Dec. 31 and up 9% from a year ago; and $128 billion in alternatives, up 3.2% from three months ago but down 15.2% from March 31, 2013.
Total assets under custody and administration were $27.477 trillion, up 0.2% from Dec. 31 and up 8.1% from March 31, 2013.
SSgA's investment management fees totaled $292 million for the quarter ended March 31, up 0.7% from the previous quarter and up 11% from the year-earlier quarter.
State Street Corp. reported net income for the latest quarter of $356 million, compared to $545 million in the previous quarter and $455 million in the year-ago quarter.
State Street's revenue, meanwhile, came to $2.49 billion, up 1.2% from the prior quarter and up 2% from the year-earlier quarter.