Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For September 2022

Rhea-AI Summary

Cohen & Steers reported preliminary assets under management of $79.2 billion as of September 30, 2022, reflecting a decline of $10.6 billion from August 31, 2022. This decrease was attributed to market depreciation of $9.2 billion, net outflows of $1.1 billion, and distributions totaling $318 million. The firm's focus remains on real assets and alternative income investments.

Positive

• Strong focus on real assets and alternative income could enhance long-term growth.

Negative

• Assets under management decreased by $10.6 billion, a concerning trend.
• Net outflows of $1.1 billion indicate potential client dissatisfaction.
• Market depreciation of $9.2 billion has materially affected financial performance.

NEW YORK, Oct. 10, 2022 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $79.2 billion as of September 30, 2022, a decrease of $10.6 billion from assets under management at August 31, 2022. The decrease was due to market depreciation of $9.2 billion, net outflows of $1.1 billion and distributions of $318 million.

Assets Under Management
(unaudited)
($ in millions)	AUM	Net	Market		AUM
By investment vehicle:	8/31/2022	Flows	Depreciation	Distributions	9/30/2022
Institutional Accounts:
Advisory	$20,719	($446)	($2,299)	$ -	$17,974
Japan Subadvisory	9,080	59	(1,148)	(76)	7,915
Subadvisory excluding Japan	5,719	(5)	(736)	-	4,978
Total Institutional Accounts	35,518	(392)	(4,183)	(76)	30,867
Open-end Funds	42,286	(736)	(4,013)	(191)	37,346
Closed-end Funds	11,989	5	(958)	(51)	10,985
Total AUM	$89,793	($1,123)	($9,154)	($318)	$79,198

About Cohen & Steers

Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.

 

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SOURCE Cohen & Steers, Inc.

FAQ

What were Cohen & Steers' assets under management as of September 30, 2022?

Cohen & Steers reported assets under management of $79.2 billion as of September 30, 2022.

What caused the decline in assets under management for Cohen & Steers?

The decline was due to market depreciation of $9.2 billion, net outflows of $1.1 billion, and distributions of $318 million.

How much did Cohen & Steers experience in net outflows in September 2022?

Cohen & Steers experienced net outflows of $1.1 billion in September 2022.

What was the total market depreciation reported by Cohen & Steers for September 2022?

The total market depreciation reported by Cohen & Steers for September 2022 was $9.2 billion.