Cohen & Steers Reported Preliminary Assets Under Management Of $77.9B As Of May 31, 2023, A Decrease Of $3.1B From Assets Under Management At April 30, 2023
Portfolio Pulse from Happy Mohamed
Cohen & Steers reported a decrease of $3.1B in assets under management (AUM) to $77.9B as of May 31, 2023, compared to $81B at April 30, 2023.
June 08, 2023 | 8:30 pm
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Cohen & Steers' AUM decreased by $3.1B to $77.9B as of May 31, 2023, which may negatively impact the company's short-term revenue.
A decrease in assets under management directly affects the revenue generated by an asset management company, as it earns fees based on the AUM. The $3.1B decrease in AUM for Cohen & Steers may result in lower revenue in the short term, which could negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100