Cohen & Steers Announces Preliminary Assets Under Management February 29, 2016

Mar 08, 2016, 16:50 ET from Cohen & Steers, Inc.

NEW YORK, March 8, 2016 /PRNewswire/ -- Cohen & Steers, Inc. (NYSE: CNS) today reported preliminary assets under management of $50.9 billion as of February 29, 2016, a decrease of $461 million from January 31, 2016. The decrease was due to market depreciation of $695 million, open-end mutual fund net outflows of $85 million, and closed-end fund net outflows of $10 million, partially offset by institutional net inflows of $329 million.

Assets Under Management

(unaudited)

($ in millions)

Preliminary

By investment vehicle:

February 2016

January 2016

Institutional accounts

$              25,493

$              25,420

Open-end mutual funds

16,778

17,184

Closed-end funds

8,618

8,746

Total  

$              50,889

$              51,350

About Cohen & Steers Cohen & Steers is a global investment manager specializing in liquid real assets, including real estate securities, listed infrastructure, commodities and natural resource equities, as well as preferred securities and other income solutions. Founded in 1986, the firm is headquartered in New York City, with offices in London, Hong Kong, Tokyo and Seattle.

SOURCE Cohen & Steers, Inc.