Investment firm reports increase in AUM and fee-paying assets

  • Assets under management rose 1% in the third quarter to $303 billion
  • Fee-paying assets under management also rose 1% to $197 billion
  • Petershill Partners raised gross fee eligible assets of $20 billion in the year-to-date
  • Co-Managing Directors express confidence in the company’s future prospects

Petershill Partners announced that its assets under management (AUM) increased by 1% in the third quarter, reaching $303 billion. Fee-paying assets under management also saw a 1% rise, reaching $197 billion. The company has raised gross fee eligible assets of $20 billion so far this year. Co-Managing Directors Ali Raissi-Dehkordy and Robert Hamilton Kelly expressed confidence in the company’s future prospects, citing its diversified business model, healthy cash generation, and strong balance sheet. Petershill Partners reiterated its full-year guidance for partner-fee related earnings and expects to raise between $20 billion to $25 billion in organic gross fee-eligible assets under management.

Factuality Level: 8
Factuality Justification: The article provides specific numbers and statements from Petershill Partners regarding their assets under management and fee-paying assets. The information is straightforward and does not contain any obvious bias or opinion.
Noise Level: 3
Noise Justification: The article provides straightforward information about Petershill Partners’ increase in assets under management and fee-paying assets. It includes quotes from the company’s Co-Managing Directors and mentions their full-year guidance. However, the article lacks depth and analysis, and does not provide any context or insights beyond the basic facts.
Financial Relevance: Yes
Financial Markets Impacted: Petershill Partners
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it discusses the increase in assets under management and fee-paying assets at Petershill Partners. However, there is no mention of any extreme event or its impact.
Public Companies: Petershill Partners (null)
Key People: Ali Raissi-Dehkordy (Co-Managing Director), Robert Hamilton Kelly (Co-Managing Director)

Reported publicly: www.marketwatch.com