Goldman Sachs reported $1.008 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of Sept. 30, flat from three months earlier but up 15% from a year earlier, according to its third-quarter earnings statement issued Thursday.
Total assets under supervision for GSAM, which includes other client assets as well as AUM, reached $1.15 trillion as of June 30, up 1% from June 30 and up 16% from Sept. 30, 2013.
Total assets under supervision net inflows for the quarter were $20 billion. Of that, $7 billion each was equities and liquidity strategies, and $6 billion was fixed income.
By asset class, Goldman Sachs reported $517 billion in fixed-income AUS as of Sept. 30, flat from June 30; $255 billion in liquidity strategies, up 3%; $232 billion in equities, unchanged from three months prior; and $146 billion in alternative investments, down 1%.
Net revenues in investment management were $1.46 billion for the third quarter, essentially unchanged compared with the second quarter of 2014, but 20% higher than the third quarter of 2013.
Investment management and other fees were $1.21 billion for the quarter ended Sept. 30, up 1% from the previous quarter and up 12% from the year-earlier quarter.