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Alternative Market Briefing

Alternatives firms assets grew in 3Q as traditional firms were flat or fell

Thursday, December 09, 2021

Laxman Pai, Opalesque Asia:

The assets under management (AUM) of publicly traded alternatives managers increase by 2% even as global capital markets delivered flat or negative returns in the third quarter of 2021. AUM at listed traditional asset managers, by contrast, declined 1% over the same period, said a study.

According to global asset management strategy consultant Casey Quirk, a Deloitte business sustained investor demand for alternatives helped alternative firms' assets grow as capital markets were flat or fell.

Alternatives managers also generated higher profit margins than traditional firms in the quarter, said a press release from Casey Quirk. The median operating margin was 46% for alternatives managers in the third quarter and 31% for traditional managers, vs. 41% and 26%, respectively, during the same period a year ago.

Profits, as measured by EBITDA (earnings before interest, taxes, depreciation, and amortization) for the 24 listed asset managers in aggregate reached a high of $7.9 billion in the third quarter of 2021, up from $6.1 billion in the same period a year ago.

Casey Quirk analyzed 24 listed asset managers based in the U.S. and Canada with a combined $32 trillion in AUM as of Sept. 30, 2021. Aggregate revenue increased 22% in the third quarter of 2021 compared with the year-earlier period, according to the analysis. Total AUM was up 20% from the year-earlier period. Organic growth for the majority of the firms in the Casey Quirk samp......................

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