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Money Management

MSIM’s assets down 1% for quarter; firm reports $6.8 billion in outflows

Morgan Stanley (MS) Investment Management had $471 billion in assets under management or supervision as of Sept. 30, down 1% from three months earlier but up 5% from a year earlier, according to parent Morgan Stanley's earnings statement released Tuesday.

MSIM reported net outflows of $6.8 billion for the third quarter vs. net inflows of $5 billion in the second quarter and net inflows of $4.6 billion in the third quarter of 2017.

The flows were driven by $9.8 billion in net outflows from liquidity strategies and $200 million in outflows from alternatives, partially offset by $1.6 billion in net inflows each into equities and fixed income.

Broken down by assets, MSIM managed $150 billion in liquidity assets as of Sept. 30, down 6% from June 30 and down 4% from Sept. 30, 2017. Alternative investments totaled $133 billion as of Sept. 30, up 1% from three months earlier and up 6% from 12 months earlier.

Equities reached $117 billion in assets as of Sept. 30, up 3% from June 30 and up 21% from Sept. 30, 2017. Fixed-income strategies totaled $71 billion, up 3% from both three months earlier and a year earlier.

MSIM saw net revenue of $653 million in the most recent quarter, down 5% from the previous quarter and down 3% from the year-earlier quarter. Net investment management income was $80 million in the third quarter, down 23% compared to the second quarter and down 30% from the third quarter of 2017.