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A ARTISAN PARTNERS ASSET ΜΑΝΑGΕΜΕΝΤ NEWS RELEASE Artisan Partners Asset Management Inc. Reports 3Q21 Results Milwaukee , WI - October 26 , 2021 - Artisan Partners Asset Management Inc. ( NYSE : APAM ) ( the " Company " or " Artisan Partners " ) today reported its results for the three and nine months ended September 30 , 2021 , and declared a quarterly dividend . Chief Executive Officer , Eric Colson , said , " Thoughtful growth is a foundational pillar of our firm . Long - term growth within a stable environment is critical to attracting and retaining investment talent . By aligning the long - term time horizons of our talent , our clients and our shareholders , we increase our investment teams ' potential to compound client capital in excess of peers and indexes , and we increase our firm's potential to invest in business growth in alignment with durable trends and who we are as an investment firm . " Financial outcomes are more volatile than underlying business growth . Compared to 2020 , our year - to - date revenue has grown 43 % , our adjusted operating margin has grown 590 basis points and our adjusted EPS has grown 65 % . On an annualized basis , our revenue has grown at approximately 11 % annually over the last 5 years and approximately 10 % over the last 10 years . . " Today , there are multiple trends disrupting client portfolios , posing new challenges for sophisticated allocators and creating exciting opportunities for us : Depressed interest rates while aging populations need yield and income . The growth of the Chinese economy increasing the under - allocation to China relative to the country's contribution to global GDP . The demand for and democratization of private investing . Industry consolidation focused more on short - term distribution and financial scale than on long - term investment capability and excellence . " We are investing in the opportunities created by these long - term trends . In September , we hired Mike Cirami , Mike O'Brien and Sarah Orvin to establish a new investment team focused on emerging markets debt and global macro opportunities . We also started the process of launching a new floating rate loan strategy to be managed by our Credit team , alongside the team's existing High Income and Credit Opportunities strategies . By the first half of next year , we expect to have multiple differentiated credit and yield - oriented strategies managed by proven investment leaders in growing asset classes where investment talent can add significant value . " We have continued to build out our China Post Venture group - whose Artisan China Post - Venture strategy is a public / private hybrid and prepare for more private investing across our investment platform . We expect our proven success across investment teams and asset classes , our expanded investment platform and industry focus on scale , distribution and short - term performance to create numerous high quality opportunities for us to partner with external talent . " Over the last seven plus years , in an environment dominated by passive strategies , packaged solutions and scale plays , we opted to add investment degrees of freedom and flexibility in portfolio management to become more active and differentiated . This enables us to avoid competing solely on scale and fees . " Since the end of 2013 , we have grown from approximately $ 105.4 billion in AUM to approximately $ 173.6 billion in AUM as of September 30 , 2021. Over that period , AUM in our pre - existing investment strategies grew from approximately $ 105.4 billion to almost $ 139 billion , through approximately $ 60.7 billion in market returns and $ 13.4 billion in alpha , partially offset by $ 40.7 billion in net capital returned to clients . That growth has been achieved through compounding client capital , which includes strategy integrity , capacity management and fee discipline . " Over the same time period , we also grew significantly through investment in our business . Focusing on investment degrees of freedom and demand from the wealth channel , we invested in three new investment teams and ten new investment strategies since the end of 2013. Those business investments yielded $ 34.8 billion in incremental AUM as of September 30 , 2021 . " Looking forward , we expect our existing business to continue to compound client capital over the long - term for the benefit of clients , talent and shareholders . We also expect the business investments we are making today to generate long - term growth outcomes consistent with prior business investments . We are taking the same disciplined , long - term approach - but we are doing so with more wind at our back and a broader investment platform to leverage . "