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A Multinational's U.S. AUM Rises, Despite Outflows
The team at Natixis Investment Managers, a Paris- and Boston-based multiboutique asset manager (fka Natixis Global Asset Management), reports growth for last quarter.
In Natixis' earnings press release, the team reveals that total AUM for Natixis' Asset and Wealth Management (AWM) arm reached 921 billion euros ($1,019 billion) at the end of Q3 2019, a 14 percent increase year-on-year, from Q3 2018 at 808 billion euros ($894.71 billion).
Net revenues for Natixis Asset Management were 908 million euros ($1,005 million) for Q3 2019, up 13 percent from 805 million euros ($891 million) in Q3 2018. In North America specifically they were up 9 percent year on year at 450 million euros ($448.52 million). Yet Natixis management also highlighted that there were outflows in North America, predominately driven by Harris Associates and Loomis Sayles fixed income strategies.
Overall, Natixis sees net revenues change from 2.083 billion euros ($2.31 billion) in Q3 2018 to 2.234 billion euros ($2.47 billion) in Q3 2019, an increase of 8 percent year-on-year.
Printed from: MFWire.com/story.asp?s=60548
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