Goldman Sachs reported $1.032 trillion in assets under management for its Goldman Sachs Asset Management and wealth management businesses as of June 30, flat from three months earlier but up 2% from the same time a year prior, its second-quarter earnings statement said Thursday.
Total assets under supervision for GSAM, which includes other client assets as well as AUM, reached $1.182 trillion as of June 30, also flat from March 31 but up 4% from June 30, 2014.
Net inflows for the quarter were $8 billion, compared to net outflows of $7 billion for the previous quarter. For the quarter ended June 30, GSAM saw net inflows of $10 billion in fixed income; $2 billion in equities; and $2 billion in alternatives. Liquidity strategies experienced net outflows of $6 billion.
By asset class, Goldman Sachs reported $525 billion in fixed-income AUS as of June 30, up 1% from March 31 and up 7% from June 30, 2014; $263 billion in liquidity strategies, down 2% from the previous quarter but up 6% from a year ago; $249 billion in equities, up 1% from March 31 and up 8% from June 30, 2014; and $145 billion in alternative investments, up 2% from three months prior but down 1% from 12 months prior.
Net revenue in investment management was $1.65 billion for the second quarter, up 4% from the previous quarter and up 14% from the second quarter of 2014.
Investment management and other fees were $1.25 billion for the quarter ended June 30, up 4% from the previous quarter and up 3% from the year-earlier quarter.