The firm’s performance during September was hampered by $5.1 billion in market depreciation and $323 million in distributions, which collectively eroded the gains seen in the previous month. Institutional accounts bore the brunt of the downturn, with subadvisory and advisory services seeing a combined reduction of over $2.5 billion. Open-end and closed-end funds also saw their valuations slip, closing at $47.7 billion and $12.0 billion respectively.
In section Releases
Cohen & Steers Assets Dip to $95.9 Billion Amid Market Volatility
A $5.1 billion contraction in assets under management defined September for New York-based Cohen & Steers, as the firm’s total holdings fell to $95.9 billion. The decline, captured in the latest monthly report, reflects a challenging period where market depreciation significantly outweighed modest net inflows of $335 million.
Despite the broader decline, the firm managed to maintain positive momentum in its open-end funds, which recorded $598 million in net inflows. This growth provided a partial buffer against the wider market slide affecting the firm’s real estate and infrastructure-focused portfolios. Cohen & Steers, headquartered in New York, continues to manage its global strategy across offices in London, Hong Kong, and Tokyo, maintaining its focus on alternative income and real assets.
Comments (0)
No comments yet. Be the first!