Artisan Partners earnings up

In its second quarter as a publicly traded company, Artisan Partners Asset Management Inc. reported earnings of $5.7 million, or $0.38 per share, up from $3 million or $0.19 per share in the first quarter.

The first quarter reflects the time from when its $250 million initial public offering closed March 12 through March 31.

Revenue was $162 million, up from $120.8 million in the same period a year ago.

The Milwaukee-based investment management firm had $85.8 billion in assets under management as of June 30, up from $64.1 billion in the second quarter of 2012.

“As of June 30, 2013, 10 of our 12 investment strategies (excluding our 13th strategy which we launched late in the quarter) added value relative to their broad performance benchmarks over the trailing 5-year and 10-year periods and since each strategy’s inception. In addition, more than 90% of our assets under management were in strategies outperforming the respective benchmarks over the trailing 3, 5, and 10-year periods and since each strategy’s inception,” said Eric Colson, president and chief executive officer.

“Our business development efforts continued to be well diversified by investment team, strategy and distribution channel. A highlight of the second quarter was the continued success of our global distribution efforts. Artisan Partners Global Funds, our family of five UCITS funds, which we launched at the end of 2010, grew past the $1 billion mark. We think this reflects very solid early interest in our business model and investment capabilities by investors outside the U.S. In particular, we are optimistic about our growth potential in the EMEA region.”

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