Cohen & Steers AUM down 4.5% sequentially in December on market depreciation

Cohen & Steers (NYSE:CNS) on Tuesday reported preliminary assets under management of $80.4B as of December 31, down 4.5% sequentially.
The decrease was due to market depreciation of $2.6B, distributions of $887M and net outflows of $260M.
Institutional accounts AUM totaled $32.37B at December 31, down 4.6% from November-end.
Open-end funds AUM stood at $3690B vs. $38.70B at November-end. Closed-end funds AUM dipped 3.5% to $11.15B.
Earlier, Cohen & Steers (CNS) AUM rose to $84.2B in November on market appreciation.