
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]