AUM reached $1.54 trillion, up 14.9% year on year, but CEO Rob Sharps cited “tailwinds from stronger-than-anticipated markets” for net outflows of $8 billion for the quarter (half the outflows from Q1/23). Only 8.5% of assets come from investors outside of the US.

Net revenues stood at $1.75 billion, up 13.8% year on year, mostly from equity ($950 million) and multi-asset ($430 million). Total comp and related costs were $709 million, up 8.5%.

CEO Rob Sharps, CFO Jen Dardis and Head of Global Distribution Dee Sawyer will discuss the details this morning on a webcast.