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Cohen & Steers Updates on Assets Under Management for December 2024

On January 9, 2025, Cohen & Steers, Inc. (NYSE: CNS) announced its preliminary assets under management (AUM) figures for December 31, 2024. The company reported that the AUM has reached $85.8 billion, reflecting a decrease of $5.6 billion compared to the previous month's figure of $91.4 billion as of November 30, 2024.

This decline in assets can be attributed primarily to market depreciation, amounting to $5.7 billion. In addition, there were distributions totaling $396 million during the same period. Conversely, the firm did experience net inflows of $504 million, which partially mitigated the overall drop in AUM.

Breakdown of Assets Under Management

To gain a better understanding of the movement in these figures, the company has provided a detailed breakdown of its AUM by investment vehicle:

• - Institutional Accounts: The total for these accounts dropped from $36.284 billion to $33.563 billion. This decrease was influenced by losses in advisory accounts, particularly in Japan, where the sub-advised assets fell significantly due to both depreciation and distributions.

• - Open-end Funds: This sector also witnessed a decline, as AUM fell from $43.307 billion to $40.962 billion, reflecting major market impacts and outflows.

• - Closed-end Funds: These accounts saw a slight decrease from $11.845 billion to $11.289 billion, reflecting minimal net flows but also significant market depreciation.

The comprehensive assessment indicates a downward momentum in Cohen & Steers' AUM, predominantly driven by unfavorable market conditions rather than a lack of investor interest, as indicated by their net cash inflows.

Company Background

Founded in 1986 and based in New York City, Cohen & Steers has established itself as a premier global investment manager focused on real assets and alternative sources of income. The firm specializes in various asset categories, including listed and private real estate, commodities, resource equities, infrastructure, preferred securities, and multi-strategy investment solutions.

With its strategic offices located in significant financial hubs such as London, Dublin, Hong Kong, Tokyo, and Singapore, Cohen & Steers is well-positioned to leverage opportunities across global markets. Despite the recent downturn in AUM, the company continues to adapt and thrive within a complex financial landscape, maintaining a commitment to delivering value to its clients through meticulous investment management.

Looking forward, Cohen & Steers aims to navigate these challenges by emphasizing its strengths in active management and focusing on sectors poised for recovery. The team remains optimistic about future market conditions and the potential for regaining lost ground in AUM as they continue to capitalize on evolving investment opportunities.

In conclusion, while the figures reported reflect a temporary setback, they also demonstrate the firm’s resilience and adept management capabilities amid changing market dynamics. Investors are encouraged to stay informed on the company’s strategies and future performance metrics as the year progresses.