Q1 2026 Artisan Partners Asset Management Inc Earnings Call Transcript

Apr 29, 2026 / 03:00 PM GMT

Release Date Price: $36.63 (-3.17%)

Transcript 10-Q8-K

Key Points

Positve

Artisan Partners Asset Management Inc (APAM) reported strong long-term investment performance, with 74% of AUM outperforming benchmarks over three years, 76% over five years, and 99% over ten years gross of fees.
The company received external recognition, with two investment teams being acknowledged by Morningstar and Lipper for investment excellence.
APAM experienced net inflows in 13 of its investment strategies year-to-date, with significant growth in its Sustainable Emerging Markets strategy and credit businesses.
The firm successfully onboarded Grandview Property Partners, expanding its platform with new talent and investment capabilities.
APAM's balance sheet remains strong with $271 million in cash, providing flexibility for organic growth initiatives and potential M&A opportunities.

Negative

APAM faced firm-wide net outflows of $3.1 billion in the first quarter, primarily due to clients de-risking and reallocating from equity strategies.
Revenues declined by 10% from the December quarter, largely due to the absence of performance fees and fewer days in the first quarter.
Adjusted operating income decreased by 30% sequentially, reflecting the impact of increased operating expenses and the absence of performance fees.
The company experienced challenges in its growth business, particularly in the global opportunity strategy, which faced headwinds due to shorter and intermediate-term performance issues.
The dividend for the March 2026 quarter was reduced by 24% from the prior quarter, reflecting lower cash generation due to the absence of performance fees.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

APAM.N - Artisan Partners Asset Management Inc
Q1 2026 Artisan Partners Asset Management Inc Earnings Call
Apr 29, 2026 / 03:00PM GMT

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Presentation
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Welcome to the Artisan Partners Asset Management Business Update and Earnings Call.

Today's call will include remarks from Jason Gottlieb, CEO, and CJ Daly, CFO.

Following these remarks, we will open the line for questions.

Our latest results and investor presentation are available on the Investor Relations section of our website.

Before we begin today, I would like to remind you that comments made during today's call, including responses to questions, may include forward-looking statements.

These are subject to known and unknown risks and uncertainties, including but not limited to the factors stepped forth in our earnings release and detailed in our

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