BlackRock Q4 AUM down 14% as alts see $1.7bn outflows

BlackRock has reported a year-on-year AUM decline of 14.41% at the end of the final quarter of 2022 to $8.59 trillion from AUM of $10.01 trillion in the same period of the previous year, according to a report by Pensions & Investments Online.

The report cites age firms latest earnings stamens as revealing that in a quarter-to-quarter comparison, Q4 AUM was up 7.95% from Q3's total of $7.96 trillion.

Despite the decline in total assets in Q4, BlackRock saw $145.7 billion of long-term net inflows, including cash management. 

BlackRock's combined alternative investment strategies had total net outflows of $1.7 billion in the fourth quarter with illiquid alternative strategies attracting $4.4 billion of net inflows, while liquid active strategies had net outflows of $1.9 billion and currency and commodities strategies had net outflows of $4.2 billion.