Artisan Partners Asset Management's assets under management increased 26.7% to $120.6 billion in the quarter ended June 30 and rose 6% from June 30, 2019, the firm's earnings report released Tuesday showed.
Most of Artisan's $25.4 billion of asset growth in the quarter was performance-driven, with market gains of $22.1 billion.
Net inflows across all strategies totaled $3.3 billion in the three months ended June 30, resulting from $11.3 billion of gross inflows and $8 billion of gross outflows, the earnings report showed.
By comparison, in the quarter ended March 31, Artisan experienced net outflows of $449 million and a market depreciation of $25.3 billion. In the quarter ended June 30, 2019, the firm had net outflows of $505 million and market gains of $6.5 billion.
Eric R. Colson, Artisan's chairman, president and CEO, noted the firm's strong investment performance across the first six months of this year with 12 of the firm's 18 strategies outperforming their benchmarks after fees with gross alpha production of 600 basis points, said the commentary accompanying the earnings release.