thanks the and our to Last by you management asset acquire investment quarterly Partners, posted earnings well impressive afternoon I of shared Good listening with to quarter the as teams complementary highly our exciting results for news as our call. Salient agreement business.
anniversary As many of a publicly-traded as important XXth you celebrated company. our just know, we've milestone, an
past over in we years, we've tougher As accomplishments this many good these like one. XX journey, times reflect on well years our through notable as as delivered
can't There to several we integrate years as our are together our attractive finalize and of quarter. transaction a wait products, highlight were its ahead. expanded build position and the we business team about items Salient to in the notable this As firm and the enthusiastic lineup
continue and to to is value strategies benchmarks, business close outperform strategies Our returns. relative be accretive their year, post highly expected track management to of Salient Partners our earnings. this Westwood's Several and asset is on Multi-Asset to acquisition strong US
the of as extended equity quarter even their same the risks previous third the remained global or losses During markets quarter many of accelerated.
trailing bank both this the benchmark U.S. inflation Continued for off to dampened helping this central Geopolitical overall difficult pleased outperform U.S. that uncertainties has much and demand adding aren't this Against the our for backdrop, securities. probability above sentiment and debt team the trailing upcoming that In and and to by have trend the points equities threat, its risk deal quarter basis all quarter. of elevated periods Index the LargeCap, and comfortable value for ended for today, quarter, responses recession, midterms Morningstar either. I'm nearly of time XXXX and Russell the top report the year to the for beat LargeCap Value LargeCap and and our XXX outperformed the now XX postings. strategies scored with Among is Its XXth the one among its years. almost Value year the since institutional percentile ranked years top for inception. and third XXX years and ranked Large percentile its XX identical in for XXst the XX in in Value were universe in XXth XXth. the one eVestment's term five longer positioned well percentile the trailing WHGLX the third with peers and September peers universe, quarter, five in trailing rankings
Value points the XXX benchmarks points points, XXXX and basis XXX their Our midcaps, Index Russell basis Russell outperforming XXX MidCap, by and this AllCap MidCap the Value XXXX respectively. basis Value by by quarter, Russell the strategies beat
XXth ranked value strategy in SMidCap Our MidCap among its small institutional investment percentile peers the to the in universe.
the peers. MidCap and XXnd MidCap among To percentile or the scored among fund pretty value round strategy Value rank ranked investment for mutual percentile things for the and value and our fund WWMCX in mutual Morningstar's percentile WQAIX universe. peers ninth eVestment's off AllCap percentile MidCap Our XXth Morningstar's quarter XXth is quarter quality sitting in AllCap
Russell Our it after turned seek outperforming. opportunity the difficult to stocks all income that Value high this a I'm SmallCap was free good the performing strategy quality experienced in Multi-Asset, high previously and underperformed but total Index reversion yet And good for pleased the to XXXX mean, quarter, another bonds, our outperformance. quarter securities and global we return as income, say strategies,
fixed the losses and by equity outperformance in overweight As benchmarks, Multi-Asset securities. use selected weights their of selected corporates and relative simply, to teams trended to our and extended contributed strategies. reduced all across underweight government our the securities, decision their high the and benefited convertible And it bond blended their markets strategies equity yields from Treasuries income higher U.S. durations, to holdings yield put
Our Barclays income XX% opportunity basis bond strategy largest ahead of XXX finished XX% Bloomberg aggregate its XXX Multi-Asset and consisting of points S&P benchmark, index.
XXX Our strategy Barclays and XX% total Bloomberg benchmark, S&P in ahead index. aggregate basis return its came bond XX% of XXX points
institutional of was XXX Tactical benchmark, mutual and Asset was and peers return universe. the XXth XX% in S&P Morningstar's ahead WLVIX Our Tactical percentile among income posting basis even XX% index total ranking Global bond and its and eVestment's Allocation a percentile achieved Barclays an aggregate Asset percentile XXth universe, blended equity XX% High eighth fund to ranking Allocation better the XXX XX% in points did Bloomberg universe. among U.S.
trailed index opportunities, has ticker for percentile XXth the WMNIX Our allocation launched that But basis the Income Morningstar's securities. quarter. and XXXX in by BofA market, ICE year the Value High rose lower and despite of Credit for strategy headwinds alternative fund, percentile trailing convertible the which XXst year-to-date the XX mutual the equity Yield mutual arbitrage basis points basis finished Income Relative and we one points on a absolute for periods, our category. both XX meaningful for quarter Alternative quarter. a in This Alternative an funds
distressed in our sell-off Although was the due conservatively index, to certain portfolio investments. positioned underperformed to relative modestly a it
exposure the risk. benchmark investments, opportunities vastly portfolio previous while managing cycles, we're than recently, capital into shorter for excited Like future. the on opportunity rates, for credit expanded has focusing and set identifiable keeping The outlook catalysts. about and rising to limiting the overall duration with downside Given attractive adjusted we deploy opportunities duration risk are investments, we'll interest long
Lastly, Russell by and benchmark Growth LargeCap let XXXX Growth in systematic and its growth eVestment percentile our basis the in index XXth strategies, points XXX LargeCap landed the universe.
back its recent performance Our Growth as and But struggled SmallCap is track the somewhat factor better emerging. on strategy movements. sync with have of were market holdings strategy rebalances gotten out
among of peers basis. on SmallCap and XXnd peers, Growth Growth SmallCap a ahead Our percentile Systematic among the It's the SmallCap Morningstar's XXth Growth Russell year-to-date Growth institutional WSCIX strategy is percentile year-to-date. remains benchmark XXXX fund
likely exacerbated continued expect for market stance as of inflation income fixed increasing adjust number aggressive We And forecast equities an be to volatility combat economy. near-term their in and Feds as the participants this will response. cools the
known of current geopolitical energy the environment. the the uncertainty believe investing banks actions in and globe the the add more biggest in even our markets. While it's The that lends well the environment quite across to risks markets of world's firmly philosophy. volatility that our We central clear present economic risks the to tightening itself to ongoing war Ukraine, the
investing quality attractive -- markets, efficient and constantly on Multi-Asset the idiosyncratic quality of they classes allocation risk businesses generation risk focus most across By and asset systematic U.S. and attractive Alpha and a high strategies strategies price. allocating Our trading seek diversified as exposures, between at an risks. Value value our
aims approach market a generate with to returns Our attractive given volatility, key uncertainty. lower total factor
focuses the XX strong long-term dividend indices for performances a S&P client Our and Alpha by the XXX Equity lower institutional worth wealth of pleased performance ahead largest on retention quarter appreciation. High X.X% income and Russell management Select Shifting alternative it's XXX respectively. strategies Growth with which XXX dividend third Value benchmark yield mixed Russell that period XXXX earlier this Alpha finish paying index XXXX team low But top XXX now percentile quarter. client basis to driver high X.X%, distribution. over an outflows. its Dividend and points quality and securities clients High to basis intermediary high the attractive net delivered as AllCap basis of this outperform Select by institutional basis a year-to-date points the domestic is the and points Dividend versus points trailing basis yield of dividend AUM was lagging points its universe. saw our quarter, with Market eVestment report I'm seeking and after XXX beat in rebounded Enhanced capital and
many and products as performance improved new Our for to compete assets. positions well
of enjoyed positive assets participant but million by $XXX net million, net client strategies directed most client were added and team rather various quarter. inflows accounts of changes management our institutional client offset were rebalances Within plan SmallCap flows in by and two $XXX were outflows our generated netting to consultant-driven outflows. by million quarter's losses. This under flows them driven negative, of saw Institutional new DC than client this $XXX
the awaiting first Income, serving expanding SmallCap record with space. this Total lower and are and the our of while to clients, CIO, clients Income, are are Our funding had quarter for and specifically the our our outsourced our level slowed this newly the a major MidCap, intermediary backdrop, strategies Investment and strategies created Against our channel, classes client channel. on mutual Alternative our equity key second AllCap, focused of growth remain serve In asset initiatives risk and assets running and to launched institutional a launched Return strategy We industry-wide as SMidCap all pipeline at the Collective rate using is into newly OCIO, outflows growth than hitting outflows such win highs High consultant redemptions along underpin approvals, income Overall, flows. peers. positive includes Trust, from multi-year relative fund a hitting SmallCap, and fixed also highs.
team client investors that retention as across in signs increase we Our hopeful interest of and focus Multi-Asset the bottom. products board intermediary and are a continues see market will to Equity on
including wealth are delivered $XXX of Houston and $XXX the Outflows on opportunities the by closures. environment settlement, new up ramped of a Dallas largely Turning to by the certain million clients course nicely win goal several institutional of client new inflows Inflows management, who some client outflows Workflows currently state and the office accounts. for gross over is year. in to $XX assets million have year driven million. advisor clients, totaling and in by million. driven are our and existing normal our meet team market withdrawals have pipeline teams client and new in the offset to Business to Dallas engage turnover, Overall, a additions consultants. and now $XXX its has development we overcome account this track business, had
rate terms defection professionals customized of solution. and & clients large, half JD and Wealth-X to needs more XX% as successful service and banks a which serve many The set Westwood million, able a continues rise, averaged CFPs, customers group high and CFAs, survey in choices XX% We world's our individuals. as XX% complexity attract conducted perfect indicated to entrepreneurs, to the family sparked non-inherited XX% fees diverse our that XXXX and needs. those advisors who extremely in database, XXXX including the continues $X Power net for grow of and a the intelligence between holistic continue and for they the in corporate are to in of recent and wealth to business for offer are world's large Nearly leaving self-made new service financial attorneys, and are resources $XX are them A complex are between collection have XX% allows regional, the client and here banks by Exodus. relationships wealth effectively team. on skills mid-sized poor very having asset and population, present wealth, people, to largest Nearly that demonstrates U.S., of of X.X% since of million worth wealthiest survey complex up clients. A a customer and Associates of fit
serve Our stated to which of refer they such endorsement clients XX% recently this received survey a tested would ability clients current from us. in our to a warm
the areas. New in Chicago. York, with the including years New losses And fewer its growth has Fortune recently best it's in markets any had Chicago. to largest identified than offices Metroplex ago, from two Texas. pandemic economy the COVID-XX and Los XX rivals, XXX metro cities in and nation's of in one Fortune today it's unemployment Worth home has among with than five fewer millionaires. XX wealthiest it only markedly headquarters, emerged the other top and cities world the are most was the largest Angeles, wealth fastest DFW's than faster in and well-positioned the the and York Our XXX XX XX Houston grown companies, growing Dallas-Fort two trailing as
XX-year management new projected Houston this here is office Houston's year. sales Houston it's is manager in of of real gross acquire come in business for history is year, from energy Partners, we and Houston Salient growth to on asset Over Our tactical this new relationships its new focused tactical the where a on its its San has Salient Francisco, an and highly sales XX% gaining respected track the infrastructure, strategies. asset to market. in agreement Broadmark. share best offices by are allocation well-known which estate, and Earlier managed announced strategy
accretive previously, be noted will expect I As for Westwood. highly we the acquisition
Salient's product and complementary it's the capabilities products combined own us scalable, enable leverage our working distribution clear been they to lineup, highly also our a fit. has very and which of are will great are teams. our team Our closely with us cultural counterparts that integration they're to on Salient to planning,
strategies, the proxy We forward towards have pleased move the Ultimus environment. Salient's to call to markets end recorded a the improvements, working next before closing teams' exciting have all comes wealth at and performance on liked faltered to and an expect asset is our for have our five can't we're year wait the over now busy promising months, Deal-related year mutual products, to I'll and current it solicitation presented and We over flows acquisition now. together. ready all Forbes, costs new together Salient's started while Putting we're future integrating investment by we our growing working and the this opportunities and group turn $XXX,XXX. the looking we're quarter begin in to the close slowed, looking an Salient the our approximately process with and were We're our platform, CFO. few as Terry end. we funds to transaction
