Published on 7 Oct 2024 on GuruFocus.com · via Yahoo Finance
Assets Under Management (AUM): Record AUM of $783 billion, with Money Market assets at $587 billion.Equity Assets: Decreased by $2.3 billion to $77.9 billion due to net redemptions of $3.3 billion, partially offset by market gains of $933 million.Fixed Income Assets: Decreased by $1 billion to $95.3 billion, with net redemptions of $631 million in funds and $806 million in separate accounts.Alternative Private Markets Assets: Decreased by $400 million to just over $20 billion, mainly due to net redemptions in the unconstrained credit fund.Money Market Assets: Reached a record high of $426 billion in fund assets and $587 billion in total assets, with an increase of $8 billion in Q2.Total Revenue: Increased by $6.2 million or 2% from the prior quarter, driven by higher carried interest revenue and Money Markets assets revenue.Operating Expenses: Increased by $64.1 million from the prior quarter, primarily due to a $66.3 million non-cash intangible asset impairment charge.Cash Investments: $453 million at the end of Q2, with $424 million excluding non-controlling interest.