In the S-1 filing for its long-rumored initial public offering, Old Mutual Asset Management said the company had $203.1 billion in assets under management as of March 31. Since the end of 2009, the firm's AUM has grown at a 9.1% annualized rate, fueled largely by the stock market rally that has produced double-digit returns in the last two calendar years.
By asset class, AUM was as follows: 40.3% U.S. equity; 15.3% alternatives, real estate and timber; 14.8% international equity; 12.8% global equity; 9.9% emerging markets equity; and 6.9% fixed income.
Sixty-two percent of client assets were institutional, while 33% were subadvisory clients. Retail and other made up 5% of the total by client type. By region, 81% of clients were U.S.-based.
Since 2011 the company said revenues have grown at an annual rate of 10.1%.
