Artisan Partners(US:APAM)2025-02-05 21:28Business Overview - Artisan Partners has built its business on a consistent philosophy and business model since its founding[2] - The firm emphasizes a high value-added, talent-driven, and thoughtful approach to investment[2] - Artisan Partners operates with autonomous investment franchises managed by business professionals[2] - The company focuses on active strategies and long-term growth with a global demand perspective[2] Asset Growth and Diversification - From 2004 to 2024, Artisan Partners increased its investment teams from 4 to 11 and investment strategies from 7 to 25[3] - Equity AUM grew from $40 billion in 2004 to $144 billion in 2024[3] - Fixed Income AUM increased from zero in 2004 to $14 billion in 2024[3] - Alternatives AUM reached $3 billion by 2024[3] Financial Performance - The company's AUM at the end of 2024 was $1612 billion, compared to $1502 billion at the end of 2023, representing a 7% increase[15,17] - The ending AUM growth rate for Equity was +5%, Fixed Income was +39%, and Alternative was +21%[17] - The adjusted net income per adjusted share for the year 2024 was $355, compared to $289 in 2023, an increase of 23%[22]