Victory Capital (NASDAQ:VCTR) unveils strong asset position as AUM hits $175.5B
Victory Capital Holdings (NASDAQ:VCTR), a leading asset management firm, recently disclosed its robust asset position.
According to the company's latest figures, its total Assets Under Management (AUM) stood at an impressive $170.3 billion.
Complementing this substantial AUM, Victory Capital Holdings reported an additional $5.1 billion in other assets, bringing the total client assets under its stewardship to a remarkable $175.5 billion.
Despite encountering headwinds during the quarter, with long-term AUM net flows experiencing a decline of $1 billion, Victory Capital Holdings demonstrated its agility and adaptability.
The company reported average Total AUM for March at $167.6 billion.
Additionally, other assets segment also exhibited resilience, with average Other Assets and Total Client Assets for March standing at $5.3 billion and $172.9 billion, respectively.
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