Artisan Partners Asset Management Inc. (NYSE:APAM) Q3 2020 Earnings Conference Call - Final Transcript
Oct 28, 2020 • 01:00 pm ET
Hello, and thank you for standing by. My name is Andrew, I will be your conference operator today. [Operator Instructions] At this time, I would like to turn the conference over to Makela Taphorn, Director, Investor Relations for Artisan Partners Asset Management.
Thank you. Welcome to the Artisan Partners Asset Management Business Update and Earnings Call. Today's call will include remarks from Eric Colson, Chairman and CEO; and C.J. Daley, CFO. Our latest results and investor presentation are available on the Investor Relations section of our website. Following these remarks, we will open the line for questions.
Before we begin, I'd like to remind you that comments made on today's call, including responses to your questions, may deal with forward-looking statements, which are subject to risks and uncertainties. These are presented in the earnings release and detailed in our filings with the SEC. We are not required to update or revise any of these statements following the call. In addition, some of our remarks made today will include references to non-GAAP financial measures. You can find reconciliations of those measures to the most comparable GAAP measures in the earnings release.
I will now turn the call over to Eric Colson.
Eric R. Colson
Thank you, Makela, and thank you, everyone, for joining the call or reading the transcript. Today Artisan Partners is managing more assets for more clients across more autonomous investment teams and strategies than ever before. We are compounding wealth for clients. We are creating new growth opportunities for internal and external talent and we are generating results for shareholders. In the third quarter, we earned more revenue than ever before in our history and we recently declared our highest quarterly dividend ever at $0.83 per share.
These outcomes result from investments we have made in the firm over long periods of time. Identifying, recruiting and retaining great investment talent, investing in new people and reinvesting in our existing franchises, launching high value-added investment strategies that fit with long-term asset allocation trends, building our flexible and resilient operating platform and developing our high quality leverage distribution model and team. In today's highly uncertain and rapidly changing environment, we are operating well. We are getting the day-to-day job done, at the same time, we are making forward progress with business initiatives that we expect to yield further long-term sustainable growth.
Turning to Slide 2. As previously announced in the third quarter, two experienced portfolio managers Beini Zhou and Anand Vasagiri rejoined Artisan International Value team and launched the Artisan International Small Cap Value strategy. Earlier in their careers, Beini and Anand worked as analysts under David Samra, the Founder and Leader of our International Value franchise. Beini and Anand are well-versed in the team's value investing philosophy and process.
The new strategy is a natural extension for David and the International Value franchise, providing the group an opportunity to exploit an inefficient part of the market and further develop the franchise's expertise and business. Also, Tiffany Hsiao and Yuanyuan Ji joined the Artisan