Artisan Partners Asset Management Inc. (NYSE:APAM) Q1 2024 Earnings Call Transcript

Jason Gottlieb: Hi, it’s Jason. I don’t think it requires much on the macro side. I think people always have an allocation that they’re thinking about to unique and differentiated strategies when it comes to their alt’s allocation. And so, for us, it’s more about just getting out and talking about the opportunity that we think presents itself. Several of our strategies are actually a little bit more in the all-weather category, thinking about GLUN, global unconstrained, where you tend to get an uncorrelated return to broader benchmarks. You tend to get a low beta profile. So, I think that’s really resonating. It’s more about getting out and talking to clients about where it fits in a portfolio and how we think about it. And so, we’re pretty excited about the engagement on that front, but it goes back to some of the comments that Eric had made.

It is about getting out, telling the story a little bit more, and it has been resonating with clients. There’s some strategies that have a little bit more seasoning to occur before we think we’ll see that big inflection, thinking again about global unconstrained, where we just passed our, I believe it’s our two-year anniversary. And as you know, people tend to look for three years. So that’s a big one. We’re very, very excited about the dislocation strategy and the raise that we had there. I think that’s a testament to Brian, his brand, and the uptake was quite strong. And the credit opportunity strategy speaks for itself. I think people in general are very excited about credit more broadly with where rates are today, and it appears to be in the future at a higher level.

And Brian being able to capture those dislocations on a more of an industrial or sectoral basis in something like credit opportunities is also quite compelling. So, we feel like we’re pretty well positioned across all three when it comes to the credit platform.

Kenneth Lee: Great. Very helpful there. That’s all I had. Thanks again.

Operator: And ladies and gentlemen, with that, we’ll be concluding today’s question and answer session as well as today’s presentation. We thank everyone for joining. You may now disconnect your lines.