Home / Business and Economy / Record AUM Reaches $232.7B, Up 54% Year-Over-Year
Record AUM Reaches $232.7B, Up 54% Year-Over-Year
31 Jul
Summary
- Assets under management hit a record $232.7 billion, a 54% yearly increase.
- Net client cash flows were positive for the tenth consecutive quarter.
- Operating margin expanded significantly to 40.3%, up 10 percentage points.
The company announced record assets under management (AUM) of $232.7 billion as of July 30, 2026. This represents a significant 54% increase compared to the previous year, attributed to strong market appreciation and consistent net inflows.
Net client cash flows amounted to $4.3 billion in the second quarter of 2026, extending a streak of positive flows to ten consecutive quarters. Investment strategies showcased impressive performance, with 96% of revenue-generating strategies outperforming their benchmarks over three, five, and ten-year periods.
Management fees reached a record $177 million, up 44% year-over-year, benefiting from higher average AUM. Diluted earnings per share (EPS) saw a remarkable 108% increase year-over-year, reaching $1.33. The operating margin expanded to 40.3%, a 10-percentage-point improvement from the prior year's second quarter.
A healthy pipeline for various investment strategies and mandates exists globally. The company also successfully launched tax-aware strategies in the wealth channel, attracting $100 million in assets shortly after introduction. The balance sheet remains strong, with a gross debt-to-adjusted EBITDA ratio of 0.8x. Capital returns to shareholders continue through share buybacks and dividends, with diluted shares reduced by 58% since the fourth quarter of 2019.
