Artisan Partners Asset Management reported $106.2 billion in assets under management as of Sept. 30, said its third-quarter earnings report released Monday.
The 5.2% decrease in assets from three months earlier was due to $645 million in net client cash outflows and market depreciation of $5.1 billion. Year-over-year, Artisan Partners' AUM is up 9.6%, due to $2.8 billion in net client cash inflows and $6.5 billion in market appreciation.
The percentage of AUM by strategy was 30.1% global value equity, 29% global equity, 21.5% growth equity, 18% U.S. value equity, 0.9% emerging markets equity and 0.5% credit.
Revenue of $212.4 million in the quarter was up 1.9% from the previous quarter and up 19.3% from the third quarter of 2013.
Net income was $20.4 million in the quarter, compared to $19.3 million in the second quarter and $6 million in the third quarter of 2013.