Thanks, and for thanks morning, Melody. everyone, Good joining us today.
of As with highlights deck. the X usual, off Slide start I'll on the
that $X.XX performance in in period. equity to and to lower XXXX. strong investment XXXX XXXX, QX by quarter market performance reported of share of company pleased, QX XXXX. the lower throughout We're fee throughout For continued to drop compared also declines ENI to volatile however, XQ was compared in Acadian's $X.XX The due be has AUM this driven the earnings per
beat As of XX% three, XX-year five by XX%, and XXXX, XX% benchmarks periods revenue and respectively. March the strategies over their prior of XX,
We remain core have quarter organic they On of our on executing pipeline on billion in historically. our third and infrastructure. investment net and credit, on mostly of place flows track net the growth work reported the versions more of sales data we also remains team inflows, and progressively and straight on advanced strong We model to positive initiatives. with $X.X continue systematic
it be of half expect XXXX. the all in at capital. expect investing in point ready strategy we start We to with to second that And the seed
front. building expect we On of good in recall, We're XXXX sustained a Acadian's these seed Alternatives we $XX track to that for record. of may seeded to million now time, Equity QX help growth initiatives you an platform, off with Over capital and it generate investment on start are Acadian. organic
capital March Turning XX $XXX a had of of cash as to million balance XXXX. management. We
and Acadian During the their the of quarter $XX with balance operating ended outstanding drew an million. down on quarter, revolver
operating revolving years, balance. credit linked and this in is As we is discussed at have our to not level prior Acadian facility corporate cash
this seasonal year-end annual on at by draws generated first down paid the by the And to beginning the bonuses. of for the is facility fully cash prior year's needs, then from Acadian facility mainly business. pay year quarter
be to no year this different. expect We
deploying business come opportunities strong shares support our to expect generate organic As up. our cash to and our whenever buy continue capital continues we back flow, to free growth to
conclude on long-term me XX. strategy slide Let our with
initiatives. with into equity invest unique to expand in We like alternatives to will areas, platform and capabilities new systematic continue our credit our leverage doing core quant and we're
value. maximizing flow and support repurchases We free to remain focused organic available. for using on opportunities cash shareholder are continue And our we share whenever will growth
call let the turn Now, to questions point. answer Happy me back at operator. to the this
