Artisan Partners Asset Management Inc. Reports February 2024 Assets Under Management

Rhea-AI Summary

Artisan Partners Asset Management Inc. (NYSE: APAM) reported preliminary assets under management of $156.0 billion as of February 29, 2024. The firm's AUM breakdown includes Artisan Funds, Artisan Global Funds, separate accounts, and other AUM by various investment strategies.

Insights

Financial Analyst

The announcement from Artisan Partners Asset Management Inc. regarding their preliminary assets under management (AUM) of $156.0 billion as of February 29, 2024, is a critical financial indicator for investors and market analysts. AUM is a vital metric, as it reflects the scale of a firm's operations and its ability to generate fee revenue. The detailed breakdown across various strategies provides insights into the firm's diversification and areas of growth. For instance, the International Value strategy commands the largest proportion of AUM, suggesting robust investor interest or performance in international markets. On the other hand, the relatively smaller AUM in strategies like Global Equity and Sustainable Emerging Markets may indicate niche or developing areas that could be poised for growth or require strategic attention.

From an investment perspective, shifts in AUM can signal changes in investor sentiment and potentially impact the firm's revenue, given that management fees are often a function of AUM. Therefore, monitoring these trends can inform decisions regarding the attractiveness of Artisan Partners' stock. Additionally, the distribution between Artisan Funds, Artisan Global Funds and separate accounts can be indicative of the firm's client base and the stability of its assets, with separate accounts often representing institutional investors, who may provide more stable inflows and outflows compared to retail investors.

Market Research Analyst

An analysis of Artisan Partners' AUM distribution across various investment strategies reveals market preferences and potential shifts in the asset management landscape. For example, the prominence of the International Value strategy could reflect a broader market trend of seeking value opportunities outside the U.S., possibly due to perceived market saturation or higher growth potential in international markets. Furthermore, the presence of specialized strategies such as China Post-Venture and Sustainable Emerging Markets suggests that Artisan Partners is attempting to capitalize on specific market segments that may appeal to investors with particular interests in regional growth or sustainability.

Understanding the competitive positioning of Artisan Partners within the asset management industry requires comparing these AUM figures to industry peers. If Artisan's AUM growth outpaces its competitors, this could imply effective strategy performance or superior client acquisition and retention. Conversely, if growth is lagging, it may signal challenges or underperformance relative to peers. Such insights are valuable for stakeholders to assess the company's market share dynamics and strategic direction.

Economist

The data on Artisan Partners' AUM across different strategies can be contextualized within the broader economic environment. For instance, the AUM in the Credit Team's High Income and Credit Opportunities strategies may be influenced by the prevailing interest rate environment and investors' search for yield. In periods of low-interest rates, higher-yielding credit strategies can attract significant capital inflows. Conversely, a rising rate environment might lead to outflows as investors reassess credit risks and return expectations.

Additionally, the Developing World Team's AUM reflects investor appetite for emerging market exposure, which is often correlated with global economic growth projections and risk appetite. A substantial allocation to these strategies might indicate investor confidence in the growth prospects of developing economies or a strategic diversification away from mature markets. These macroeconomic factors, along with geopolitical events, can have material implications for the inflows and outflows of funds, thereby affecting the stability and growth of Artisan Partners' AUM over time.

MILWAUKEE, March 11, 2024 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) today reported that its preliminary assets under management ("AUM") as of February 29, 2024 totaled $156.0 billion. Artisan Funds and Artisan Global Funds accounted for $75.5 billion of total firm AUM, while separate accounts and other AUM¹ accounted for $80.5 billion.

PRELIMINARY ASSETS UNDER MANAGEMENT BY STRATEGY2
As of February 29, 2024 - ($ Millions)
Growth Team
Global Opportunities		$        22,196
Global Discovery		1,587
U.S. Mid-Cap Growth		13,491
U.S. Small-Cap Growth		3,291
Global Equity Team
Global Equity		380
Non-U.S. Growth		13,425
Non-U.S. Small-Mid Growth		7,207
China Post-Venture		161
U.S. Value Team
Value Equity		4,393
U.S. Mid-Cap Value		2,802
Value Income		14
International Value Team
International Value		41,887
International Explorer		263
Global Value Team
Global Value		26,342
Select Equity		339
Sustainable Emerging Markets Team
Sustainable Emerging Markets		978
Credit Team
High Income		10,074
Credit Opportunities		228
Floating Rate		73
Developing World Team
Developing World		3,703
Antero Peak Group
Antero Peak		2,058
Antero Peak Hedge		229
EMsights Capital Group
Global Unconstrained		332
Emerging Markets Debt Opportunities		106
Emerging Markets Local Opportunities		444
Total Firm Assets Under Management ("AUM")		$        156,003

¹ Separate account and other AUM consists of the assets we manage in or through vehicles other than Artisan Funds or Artisan Global Funds. Separate account and other AUM includes assets we manage in traditional separate accounts, as well as assets we manage in Artisan-branded collective investment trusts, and in our own private funds.
² AUM for certain strategies include the following amounts for which Artisan Partners provides investment models to managed account sponsors (reported on a one-month lag): Artisan Sustainable Emerging Markets $78 million.

ABOUT ARTISAN PARTNERS
Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.

Investor Relations Inquiries: 866.632.1770 or ir@artisanpartners.com
Source: Artisan Partners Asset Management Inc.

FAQ

What is the total assets under management (AUM) reported by Artisan Partners Asset Management Inc. (NYSE: APAM) as of February 29, 2024?

Artisan Partners reported total firm AUM of $156.0 billion as of February 29, 2024.

How much of the total firm AUM is attributed to Artisan Funds and Artisan Global Funds?

Artisan Funds and Artisan Global Funds accounted for $75.5 billion of total firm AUM.

What is the breakdown of AUM by investment strategy as reported by Artisan Partners Asset Management Inc. (NYSE: APAM)?

The breakdown of AUM by investment strategy includes various teams such as Growth Team, Global Equity Team, U.S. Value Team, International Value Team, Global Value Team, Sustainable Emerging Markets Team, Credit Team, Developing World Team, and Antero Peak Group.

Which investment strategy has the highest AUM as of February 29, 2024?

The International Value Team reported the highest AUM of $41,887 million as of February 29, 2024.

What is included in the separate account and other AUM category for Artisan Partners Asset Management Inc. (NYSE: APAM)?

Separate account and other AUM includes assets managed in traditional separate accounts, Artisan-branded collective investment trusts, and the company's private funds.