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July 21, 2014 01:00 AM

Artisan Partners assets rise 4.3% in second quarter

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    Artisan Partners Asset Management reported $112 billion in assets under management as of June 30, according to its second-quarter earnings release Monday.

    The 4.3% increase in assets was due to $558 million in net inflows and $3.9 billion in market-related gains during the quarter.

    AUM by strategy was: 30.5% global value equity; 27.9% global equity; 19.2% U.S. value equity; 21% growth equity; 1.1% emerging markets equity; and 0.3% credit.

    Revenues of $208.5 million in the quarter were up 3.3% from the previous quarter and up 28.7% from the second quarter a year earlier.

    Net income was $19.3 million in the quarter, compared to $8.6 million in the first quarter and $5.7 million in the second quarter of 2013.

    Since the stock began trading publicly in March 2013, it has returned a cumulative 92.8% compared with 31.4% for the Russell 3000.

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