Business Overview - Artisan Partners' business model is talent-driven and designed for investment talent to thrive [2] - The firm focuses on active strategies and autonomous franchises managed by business professionals [2] - Artisan Partners had 27 investment strategies as of March 31, 2025 [11] Investment Performance - Artisan Partners strategies with greater than 10-year track records show strong average annual returns since inception, net of fees [3, 4] - The Developing World strategy has an inception-to-date average annual net return of 1033% [9] - The Global Unconstrained strategy has an inception-to-date average annual net return of 987% [9] - The Emerging Markets Debt Opportunities strategy has an inception-to-date average annual net return of 1179% [9] - The Emerging Markets Local Opportunities strategy has an inception-to-date average annual net return of 895% [9] Financial Highlights - The company's run-rate revenue is $1124 million as of March 31, 2025 [11] - Assets Under Management (AUM) reached $1624 billion as of 1Q25, a 1% increase from 1Q24 [15, 20] - Net client cash flows were -$28 billion in 1Q25 [17, 20] - The weighted average management fee was 068% as of March 31, 2025 [20] - Adjusted net income per adjusted share was $083 in 1Q25 [26]

Core Viewpoint - Lazard Inc. reported first-quarter 2025 adjusted earnings per share of 56 cents, exceeding the Zacks Consensus Estimate of 27 cents, but down from 66 cents per share in the same quarter last year [1][2] Financial Performance - Net income (GAAP) for Lazard was $60.4 million, a significant increase of 68.9% from the prior-year quarter [2] - Quarterly operating revenues were $643.2 million, reflecting a decline of 13.8% year over year, yet surpassing the Zacks Consensus Estimate of $616 million [3] - Operating expenses decreased to $593.4 million, down 16.4% year over year [4] Segment Performance - Financial Advisory segment adjusted operating revenues were $369.5 million, down 17.3% from the previous year [5] - Asset Management segment adjusted operating revenues decreased to $264.5 million, a decline of 4.1% year over year [5] - Corporate segment adjusted operating revenues were $9.1 million, down 61.9% from the year-ago quarter [5] Assets Under Management (AUM) - As of March 31, 2025, total AUM was $227.4 billion, a decrease of 9.2% from the prior-year quarter [6] - The average AUM in the reported quarter was $230.8 billion, down 6.5% year over year [6] Balance Sheet Position - Cash and cash equivalents totaled $908.6 million, down 30.5% from the prior quarter [7] - Stockholders' equity was $648.6 million, a decrease of 5.3% sequentially [7] Share Repurchase Activity - In the reported quarter, Lazard repurchased 0.8 million shares at an average price of $46.73 per share, with approximately $164 million remaining for future repurchases [9] Strategic Outlook - Increased dependence on advisory revenues and continued net outflows are expected to impact top-line growth [10] - Innovative investment strategies and cost mitigation initiatives are anticipated to support profitability [10]

Core Viewpoint - Analysts forecast that Blackstone Inc. (BX) will report quarterly earnings of $1.11 per share, reflecting a year-over-year increase of 13.3%, with anticipated revenues of $2.81 billion, showing a 10.1% increase compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised 6.1% lower over the last 30 days, indicating a reevaluation of initial estimates by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Projections - Analysts estimate 'Segment Revenues- Base Management Fees' to be $1.80 billion, a 9.4% increase from the prior year [5]. - 'Segment Revenues- Total Management and Advisory Fees, Net' is expected to reach $1.89 billion, reflecting a 10.5% year-over-year increase [5]. - 'Segment Revenues- Fee Related Performance Revenues' is projected at $283.39 million, indicating a decline of 4.1% year-over-year [6]. - 'Segment Revenues- Realized Performance Revenues' is estimated to be $628.05 million, showing a 17.1% increase from the previous year [6]. Assets Under Management - The consensus estimate for 'Fee-Earning Assets Under Management Rollforward - Private Equity' is $217.64 billion, up from $170.6 billion in the same quarter last year [7]. - 'Fee-Earning Assets Under Management Rollforward - Real Estate' is projected at $281.95 billion, down from $301.58 billion year-over-year [7]. - 'Fee-Earning Assets Under Management Rollforward - Hedge Fund Solutions' is expected to reach $76.20 billion, compared to $73.38 billion last year [8]. - 'Fee-Earning Assets Under Management Rollforward - Credit & Insurance' is estimated at $281.73 billion, up from $235.83 billion year-over-year [8]. - The average prediction for 'Fee-Earning Assets Under Management' is $857.53 billion, compared to $781.4 billion last year [9]. - 'Total Assets Under Management - Hedge Fund Solutions' is expected to be $85.46 billion, up from $82.29 billion year-over-year [9]. - 'Total Assets Under Management - Credit & Insurance' is projected at $388.49 billion, compared to $329.64 billion last year [9]. - 'Total Assets Under Management - Real Estate' is estimated to be $320.58 billion, down from $339.33 billion year-over-year [10]. Stock Performance - Shares of Blackstone Inc. have decreased by 9.7% in the past month, contrasting with a 3.6% decline in the Zacks S&P 500 composite [11].

NASHVILLE, Tenn., April 9, 2025 /PRNewswire/ -- AllianceBernstein L.P. ("AB") and AllianceBernstein Holding L.P. ("AB Holding") (NYSE: AB) today announced that preliminary assets under management decreased to $784 billion during March 2025 from $805 billion at the end of February. Net inflows across all three channels (Institutional, Retail and Private Wealth) were offset by market depreciation during March, resulting in a 2.6% decline in month-end AUM. For the quarter-ended March 2025, preliminary firmwide ...

TORONTO, April 03, 2025 (GLOBE NEWSWIRE) -- AGF Management Limited reported total assets under management (AUM) and fee-earning assets1 of $52.1 billion as at March 31, 2025. AUM ($ billions)March 31, 2025 February 28, 2025 % Change Month-Over-Month<td style="border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: right ; vertical-align: middle; vert ...