Victory Capital reports AUM of $161.6B as of June 30

Victory Capital reported assets under management of $161.6B as of June 30, 2023, and average assets under management for June of $158.7B. The company also reported long-term net flows in the second quarter of -$2.1B, which included the previously disclosed $1.1B institutional redemption. That isolated redemption was from a passive equity strategy priced at three basis points and made no meaningful margin contribution.