Lower Short-Term Rates Should Be a Boon for Cohen & Steers' Fund Flows and Performance

A combination of rising interest rates, equity and credit market headwinds, and increased competition from private real estate investment vehicles offered by alternative asset managers and other traditional asset managers has had (and is likely to continue to have) an adverse effect on Cohen & Steers' level of managed assets. The firm ended September 2025 with $90.9 billion in managed assets, down 1.0% year over year and 14.8% below peak levels of $106.6 billion at the end of December 2021.