MutualFundWire.com: AUM Falls 12 Percent At Traditional AMs

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Thursday, August 25, 2022

AUM Falls 12 Percent At Traditional AMs

Last quarter was another rough one fundsters' firms.

Scott Gochowski
Casey Quirk
Senior Manager

Traditional, publicly traded asset managers suffered a median 12-percent AUM drop from the end of the first quarter of 2022 to the end of the second quarter of 2022, as the S&P 500 fell nearly 17 percent, according to the latest data from the folks at Deloitte's Casey Quirk arm. That Q2 2022 AUM drop follows a six-precent AUM drop in Q1 2022. (The data comes from the Casey Quirk team's analysis related to 18 publicly traded alternatives and traditional asset managers in North America.)

"Though AUM declines predominantly came from the market downturn, asset flows in the quarter for most firms were either flat or slightly negative," the Casey Quirk team writes.

Traditional managers' revenue also fell eight percent in Q2 2022, after a seven-percent Q1 2022 drop. And expenses fell six percent year-over-year (though non-compensation expenses rose three percent Y/Y). Yet alts shops saw revenue and expenses rise in Q1. (though their valuation multiples fell closer to those of traditional asset managers).

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