Investment ManagementNet revenues in Investment Management were $1.33 billion, 5% higher than the second quarter of 2011 and 13% higher than the first quarter of 2012. The increase in net revenues compared with the second quarter of 2011 was due to significantly higher incentive fees, partially offset by lower management and other fees and lower transaction revenues. During the quarter, assets under management increased $12 billion to $836 billion. The increase in assets under management included net inflows of $16 billion (8), primarily in fixed income and money market assets, partially offset by net market depreciation of $4 billion, primarily in equity assets.
Goldman Sachs Reports Second Quarter Earnings Per Common Share Of $1.78
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