Goldman Sachs reported $1.029 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of March 31, flat from three months earlier but up 8% from a year earlier, said its first-quarter earnings statement issued Thursday.
Total assets under supervision for GSAM, which includes other client assets as well as AUM, reached $1.177 trillion as of March 31, also flat from Dec. 31 but up 9% from March 31, 2014.
Net outflows for the quarter were $7 billion, driven by net outflows of $14 billion in liquidity strategies and net outflows of $2 billion in alternatives. It reported net inflows of $5 billion in equities and net inflows of $4 billion in fixed income,
By asset class, Goldman Sachs reported $519 billion in fixed-income AUS as of March 31, up 1% from Dec. 31 and up 7% from March 31, 2014; $269 billion in liquidity strategies, down 5% from the previous quarter but up 15% from a year ago; $247 billion in equities, up 1% from Dec. 31 and up 7% from March 31, 2014; and $142 billion in alternative investments, down 1% from three months prior and down 2% from 12 months prior.