Earnings Call Summary | Artisan Partners Asset Management(APAM.US) Q1 2024 Earnings Conference
Earnings Call Summary | Artisan Partners Asset Management(APAM.US) Q1 2024 Earnings Conference
The following is a summary of the Artisan Partners Asset Management Inc. (APAM) Q1 2024 Earnings Call Transcript:
以下是Artisan Partners資產管理公司（APAM）2024年第一季度業績電話會議記錄的摘要：
Financial Performance:
財務業績：
Artisan Partners reported assets under management (AUM) of $160 billion at the end of Q1 2024, up 7% from the previous quarter and 16% year-on-year.
The firm's revenues increased by 6% sequentially and 13% year-on-year, largely due to the growth in average AUM. The average recurring fee rate remained steady at 69 basis points.
Adjusted operating income increased by 2% from the previous quarter and 17% from the same quarter in 2023.
Artisan Partners Asset Management had elevated expenses for Q1 2024 due to seasonal expenses and the addition of the retirement clause causing an approximately $8 million increase in compensation.
Artisan Partners報告稱，截至2024年第一季度末，管理的資產（AUM）爲1,600億美元，比上一季度增長7％，同比增長16％。
該公司的收入連續增長6％，同比增長13％，這主要是由於平均資產管理規模的增長。平均經常性費用率穩定在69個點子。
調整後的營業收入比上一季度增長了2％，比2023年同期增長了17％。
由於季節性支出以及退休條款的增加，Artisan Partners資產管理公司增加了2024年第一季度的支出，導致薪酬增加了約800萬美元。
Business Progress:
業務進展：
The high-income strategy of Artisan Credit Team celebrated its 10-year anniversary in April 2024, with cumulative net inflows of $9.2 billion into the high-income strategy over the last decade.
The firm is focusing on diversification, particularly into institutional and non-US capital for its high-income strategy business and into different asset classes including real estate and infrastructure.
There has been a shift towards a new hybrid distribution model which is expected to bring benefits due to an increased number of strategies.
Focus is also given to credit franchise growth and increasing capacity for emerging market debt.
The company is also working on introducing new alternative credit strategies, which have been drawing interest regardless of macroeconomic conditions due to their unique and differentiated nature.
Artisan Credit Team的高收入戰略於2024年4月慶祝成立十週年，在過去十年中，該高收入戰略的累計淨流入量爲92億美元。
該公司專注於多元化，特別是在高收入戰略業務的機構和非美國資本領域，以及包括房地產和基礎設施在內的不同資產類別的多元化。
已經向新的混合分銷模式轉變，由於策略數量的增加，預計這種模式將帶來好處。
還將重點放在信貸特許經營的增長和新興市場債務承受能力的增加上。
該公司還在努力推出新的另類信貸策略，由於其獨特和差異化的性質，無論宏觀經濟條件如何，這些策略都吸引了人們的興趣。
More details: Artisan Partners Asset Management IR
更多詳情： Artisan Partners 資產管理 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。