Cohen & Steers Reports Significant Growth in AUM Figures

Author: Caleb Price Updated: 09-10-2024 04:25 PM

Cohen & Steers Reports Growth in Assets Under Management

Cohen & Steers, Inc. (NYSE: CNS) has reported a remarkable increase in its assets under management (AUM), reaching an impressive $88.1 billion as of the end of August 2024. This growth marks an increase of $3.5 billion from the previous month, showcasing the firm’s robust investment strategies and market opportunities.

Driving Factors Behind AUM Increase

The elevation in AUM can be attributed to two primary factors: significant market appreciation and positive net cash inflows. Specifically, the market value increased by approximately $3.7 billion, while the firm experienced net inflows of around $8 million. Nonetheless, this growth was partially countered by distributions amounting to $152 million. This demonstrates Cohen & Steers’ ability to attract and retain investor capital, showcasing the strength of its strategic partnerships and investment products.

Institutional Accounts and Investment Vehicles Performance

Within the framework of several investment vehicles, institutional accounts particularly stood out. As of July 31, 2024, total AUM for institutional accounts was reported at $35.428 billion. This figure represents a dynamic portfolio that encompasses both advisory and subadvisory accounts.

Breakdown of AUM by Investment Vehicle

In further detail, institutional accounts included:

Advisory Accounts: $20.203 billion, indicating a slight decline of $7 million.
Japan Subadvisory Accounts: $9.129 billion, with a noteworthy net inflow of $25 million.
Non-Japan Subadvisory Accounts: $6.096 billion, experiencing a slight decline.
Total Open-End Funds: $40.984 billion, demonstrating stability.
Total Closed-End Funds: $11.688 billion showcasing steady growth.

This diverse range of investment vehicles not only increases the firm’s resilience but also enhances its attractiveness to different investor segments.

Expanding Global Presence of Cohen & Steers

Founded in 1986, Cohen & Steers is a prominent player in the global investment management landscape. The firm specializes in real assets and alternative income investments, which include various asset classes such as real estate, preferred securities, resource equities, and commodities. Their global footprint is extensive, with headquarters in New York City and offices strategically located in major financial hubs like London, Dublin, Hong Kong, Tokyo, and Singapore. This international presence positions the company well to tap into worldwide market trends.

Commitment to Investment Excellence

Cohen & Steers remains committed to providing high-quality investment management services to its clients. By focusing on real assets and alternative income strategies, the firm has distinguished itself within the marketplace, catering to both institutional and private investors seeking stable returns. Their well-rounded investment approach is tailored to meet the evolving needs of a diversified client base.

Looking Ahead: Future Prospects for Cohen & Steers

With its current momentum, Cohen & Steers is poised for continued growth in a volatile market landscape. The company’s strategic initiatives and commitment to innovation will play crucial roles in enhancing its service offerings and reaching new investors. As they adapt to ever-changing market conditions, Cohen & Steers looks to strengthen its reputation as a leading investment management firm.

Frequently Asked Questions

What are the latest AUM figures reported by Cohen & Steers?

The latest assets under management reported by Cohen & Steers stand at $88.1 billion as of August 2024.

What contributed to the increase in AUM for Cohen & Steers?

The increase was primarily driven by market appreciation of $3.7 billion and net inflows of $8 million.

Where does Cohen & Steers operate globally?

Cohen & Steers has a global presence with offices in major cities including New York City, London, Dublin, Hong Kong, Tokyo, and Singapore.

What investment strategies does Cohen & Steers specialize in?

The firm specializes in real assets and alternative income investments, catering to a diverse range of clients.

When was Cohen & Steers founded?

Cohen & Steers was founded in 1986 and has grown into a leading investment management firm over the years.

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