Home Markets Alts firms’ assets grew in third quarter as capital markets were flat...

Alts firms’ assets grew in third quarter as capital markets were flat or fell

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When global capital markets were down or flat in the third quarter, the assets managed by publicly traded alternatives managers went up, according to research from asset management consultant Casey Quirk, a Deloitte business.

Assets under management for the median publicly traded alternatives firm for the quarter ended Sept. 30 went up 2% while global capital markets delivered flat or negative returns, according to a news release.

By contrast, the AUM for the median listed traditional asset managers declined 1% over the same period.

Alternatives managers also generated higher profit margins than traditional firms in the quarter, according to Casey Quirk. Median operating margin was 46% for alternatives managers in the third quarter and 31% for traditional managers, vs. 41% and 26%, respectively, during the same period a year ago.

“It is abundantly clear that listed alternatives managers are outperforming their traditional peers on key financial…

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