Robeco Groep reported assets under management of €246 billion ($278.7 billion), a nearly 20% increase and an all-time high for the money manager, for the year ended Dec. 31.
Institutional business accounts for 48% of the total assets under management.
Investment returns for the year added €35.1 billion, Robeco said in a statement Thursday. The manager benefited from the appreciation of the U.S. dollar, which contributed €18.4 billion of total investment returns.
The manager also recorded €6.2 billion of net inflows, up from €1.5 billion of net inflows for the year ended Dec. 31, 2013.
Net income at the firm was €228 million, also an all-time high. That was an increase of 85.4% compared with the previous year. Robeco said in the statement that performance fees were an “important driver of the increase in income, which was a direct result of strong investment returns for our clients of our performance fee-related products.”
A spokesman for Robeco said the manager, which is owned by Tokyo-based financial firm ORIX Corp., does not publish full results.