Goldman Sachs Asset Management reported $1.032 trillion in assets under management at the end of the second quarter, unmoved from the previous quarter but up 2% from the second quarter of 2014.
GSAM had $8 billion in net inflows for the second quarter, compared to $7 billion in outflows during the first quarter, reports Pensions & Investments. The firm had $10 billion in fixed income net inflows, $2 billion in equities, and $2 billion in alternatives. GSAM also had $6 billion in net outflows in its liquid strategies.
Net revenue for investment management was $1.65 billion, up 4% from the first quarter and up 14% from the same time last year.
For Goldman Sachs as a whole, profits fell 52%, thanks to a $1.45 billion provision for mortgage related litigation, reports Forbes. The legal problems cost Goldman $2.77 a share.