Goldman Sachs reported $1.007 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of June 30, up 5% from three months earlier and up 19% from a year earlier, according to its second-quarter earnings statement issued Tuesday.
Total assets under supervision for GSAM, which includes other client assets as well as AUM, reached $1.142 trillion as of June 30, up 5% from March 31 and up 20% from June 30, 2013.
Total assets under supervision net inflows for the quarter were $36 billion, driven by net inflows of $21 billion in fixed income, which includes $11 billion in connection with the firm's acquisition of Deutsche Asset & Wealth Management's stable value business. Net inflows in liquidity products include $6 billion of inflows for the three months ended June 30 in connection with the firm's acquisition of RBS Asset Management's money market funds.
By asset class, Goldman Sachs reported $516 billion in fixed-income AUS as of June 30, up 6% from March 31; $248 billion in liquidity strategies, up 6%; $231 billion in equities, up 5%; and $147 billion in alternative investments, up 1%.
Net revenues in investment management were $1.44 billion for the second quarter of 2014, 8% lower than the first quarter but 8% higher than the second quarter of 2013.
Investment management and other fees were $1.2 billion for the quarter ended June 30, up 4% from the previous quarter and up 10% from the year-earlier quarter.