Cohen & Steers' AUM Improving With Rising Equity Markets, but Rate Headwinds Continue to Blunt Flows

A combination of rising interest rates, equity and credit market headwinds, and increased competition from private real estate investment vehicles offered by alternative asset managers and other traditional asset managers has had (and is likely to continue to have) an adverse effect on Cohen & Steers' level of managed assets. The firm closed out March 2024 with $81.2 billion in managed assets, up 1.7% year over year, but still down 22.0% from a peak of $106.6 billion at the end of December 2021.