Cohen & Steers Announces Preliminary Assets Under Management and Net Flows For February 2023

(Neutral)

Rhea-AI Summary

Cohen & Steers (NYSE: CNS) reported preliminary assets under management of $83.5 billion as of February 28, 2023, reflecting a decrease of $3.8 billion from January 31, 2023. This decline resulted from market depreciation of $3.5 billion, distributions of $185 million, and net outflows totaling $118 million. The company specializes in real assets and alternative income management, headquartered in New York City, with a global presence across major financial hubs.

Positive

None.

Negative

Decrease in assets under management by $3.8 billion.
Market depreciation accounted for a loss of $3.5 billion.
Net outflows of $118 million indicating potential investor confidence issues.

News Market Reaction – CNS

-3.88%

-3.88% Session move

In the trading session that priced this news, CNS declined 3.88%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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03/08/2023 - 04:17 PM

NEW YORK, March 8, 2023 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $83.5 billion as of February 28, 2023, a decrease of $3.8 billion from assets under management at January 31, 2023. The decrease was due to market depreciation of $3.5 billion, distributions of $185 million and net outflows of $118 million.

Assets Under Management (unaudited)

($ in millions)	AUM	Net	Market				AUM
By investment vehicle:	1/31/2023	Flows	Depreciation			Distributions	2/28/2023
Institutional Accounts:
Advisory	$19,978	($148)	($803)	$ -			$19,027
Japan Subadvisory	9,264	46	(416)	(84)			8,810
Subadvisory excluding Japan	5,826	(28)	(275)	-			5,523
Total Institutional Accounts	35,068	(130)	(1,494)	(84)			33,360
Open-end Funds	40,433	7	(1,645)	(50)			38,745
Closed-end Funds	11,779	5	(346)	(51)			11,387
Total AUM	$87,280	($118)	($3,485)		($185)		$83,492

About Cohen & Steers
Cohen & Steers is a leading global investment manager specializing in real assets and alternative income, including real estate, preferred securities, infrastructure, resource equities, commodities, as well as multi-strategy solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Dublin, Hong Kong and Tokyo.

View original content:https://www.prnewswire.com/news-releases/cohen--steers-announces-preliminary-assets-under-management-and-net-flows-for-february-2023-301766257.html

SOURCE Cohen & Steers, Inc.

FAQ

What are Cohen & Steers' assets under management as of February 2023?

Cohen & Steers reported preliminary assets under management of $83.5 billion as of February 28, 2023.

What caused the decrease in assets under management for Cohen & Steers?

The decrease was attributed to market depreciation of $3.5 billion, distributions of $185 million, and net outflows of $118 million.

What was the net outflow amount for Cohen & Steers in February 2023?

Cohen & Steers experienced net outflows of $118 million in February 2023.

Where is Cohen & Steers headquartered?

Cohen & Steers is headquartered in New York City.

What type of investment management does Cohen & Steers specialize in?

Cohen & Steers specializes in real assets and alternative income management.