Artisan Partners Assets Drop by $5.7 Billion

By Philip Seaworth • Sunday, June 07 10:52 • Permanent Link

Artisan Partners Asset Management ended May with $186.0 billion in assets under management, down from the prior period after being notified that a U.S. sub-advisory mandate tied to the Value Equity strategy, representing about $5.7 billion, is expected to terminate in early June.

At month-end, Artisan Funds and Artisan Global Funds accounted for $92.3 billion of firm AUM, while separate accounts and other assets totaled $93.7 billion.

Among the firm’s strategies, the largest pools of assets were International Value Group at $56.1 billion, Global Value Team at $38.4 billion, High Income at $14.2 billion, Global Opportunities at $13.4 billion, Non-U.S. Growth at $16.8 billion and U.S. Mid-Cap Growth at $9.8 billion.

Several other large strategies included U.S. Value Equity at $6.2 billion, Non-U.S. Small-Mid Growth at $4.4 billion, Grandview Property Partners at $3.8 billion, Sustainable Emerging Markets at $3.6 billion and Developing World at $3.4 billion.

Smaller strategies included Global Discovery at $1.1 billion, U.S. Small-Cap Growth at $2.9 billion, Franchise at $1.0 billion, Global Equity at $443 million, Credit Opportunities at $395 million, Floating Rate at $126 million and Global Special Situations at $37 million.

Within the Value Team, assets were concentrated in Global Value at $38.4 billion, U.S. Value Equity at $6.2 billion, U.S. Mid-Cap Value at $1.3 billion and Value Income at $8 million. As a result of these announcements, the company's shares have moved -0.72% on the market, and are now trading at a price of $37.19. For the full picture, make sure to review Artisan's 8-K report.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.