Artisan Partners Asset (APAM) 2015年年度报告「NYSE」.pdf

1、ARTISAN PARTNERS ASSET MANAGEMENT INC.2015 ANNUAL REPORTConsistent ApproachTABLE OF CONTENTSA LETTER FROM OUR CEO 2INVESTMENT TEAMS Artisan Partners Growth Team 16Artisan Partners Global Equity Team 18Artisan Partners U.S.Value Team 20 Artisan Partners Global Value Team 22 Artisan Partners Emerging

2、Markets Team 24Artisan Partners Credit Team 26 Artisan Partners Developing World Team 28 FINANCIAL HIGHLIGHTS 30MANAGEMENT TEAM&BOARD OF DIRECTORS 392015 ANNUAL REPORTP.1Artisan Partners is a high value-added investment management firm designed for talent to thrive in a growth-oriented culture.SHARE

3、HOLDER LETTERP.22015 ANNUAL REPORTOur business model allows us to remain focused on Who We Are.P.3In 2015,markets were volatile and reflected uncertainty across the globe,which has continued in early 2016.Market swings,losses and historical abnormalities can be disorienting and cause investors and f

4、irms to overreact,prematurely change course or drop out.At Artisan Partners,we believe that by remaining committed to Who We Are,we can identify and take advantage of the opportunities presented by the current environment.We have consciously designed our business to provide stability and predictabil

5、ity even in volatile and uncertain times.The majority of our expenses,including most of the compensation we pay to our investment professionals,automatically adjust with changes in assets under management and revenues.This way,our investment professionals understand in advance how market volatility

6、will impact their compensation.We also stabilize our business by maintaining a centralized operational infrastructure,strong balance sheet and ample liquidity,all of which give us the capabilities,time and resources to manage our business for the long term.For our investment teams,volatile markets c