OM Asset Management reported $226.6 billion in assets under management as of June 30, up 1.2% from March 31 and up 5.4% from a year earlier, said the firm's earnings statement released Thursday.
The firm attributed the increase in AUM to market appreciation and net inflows.
OMAM reported $800 million in net inflows for the quarter ended June 30, compared to $200 million in net outflows for the three months ended March 31 and $3.6 billion in net inflows for the quarter ended June 30, 2014.
Broken down by strategy, OMAM's total global equities AUM was $90.7 billion as of June 30, up 3% from three months earlier and up 9.7% from a year earlier, and U.S. equities totaled $85.4 billion, flat from March 31 but down 0.7% from June 30, 2014. Alternative investments, meanwhile, were $35.7 billion, up 1.7% from March 31 and up 12.6% from June 30, 2014; fixed income was $14.8 billion, a 3.3% decline from the end of the prior quarter but a 2.1% rise from the end of the year-earlier quarter.
Net income for the company was $38 million for the first quarter, up 1.8% from the first quarter and up 11.4% from the same quarter a year ago. Net revenue, meanwhile, was $167.8 million for the quarter, up 2.8% from the quarter ended March 31 and up 11.5% from the year-earlier quarter.