Goldman Sachs reported $1.027 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of Dec. 31, up 2% from three months earlier and up 12% from a year earlier, said its third-quarter earnings statement issued Friday.
Total assets under supervision for GSAM, which includes other client assets as well as AUM, reached $1.178 trillion as of Dec. 31, a 2% increase from Sept. 30 and up 13% from Dec. 31, 2013.
Total assets under supervision net inflows for the quarter were $28 billion — $28 billion of net inflows in liquidity strategies, $1 billion in net inflows in equities and net outflows of $1 billion in alternatives. Fixed income had no change.
By asset class, Goldman Sachs reported $516 billion in fixed-income AUS as of Dec. 31, flat from Sept. 30; $283 billion in liquidity strategies, up 11%; $236 billion in equities, up 2%; and $143 billion in alternative investments, down 2% from three months prior.
Net revenue in investment management was $1.57 billion for the fourth quarter, up 7% from the previous quarter but down 2% from the fourth quarter of 2013.
Investment management and other fees were $1.23 billion for the quarter ended Dec. 31, up 1% from the previous quarter and up 8% from the year-earlier quarter.