🔴 Artisan Partners is trading 5% down today after a client plans $6 billion September rebalancing

Artisan Partners is trading 4.91% down now at $37.75 after reporting that a long-standing sub-advisory client plans a $6 billion September rebalancing from its Global Value strategy.

• The expected AUM reduction may pressure fee revenue, although the company indicated the revenue impact should be smaller than the AUM decline.
• The broader market is rising, making this company-specific update the likely catalyst.