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Victory Capital reported a decrease in AUM to $147.3 billion due to negative market action, but adjusted EBITDA margin expanded to 50.0%. The company also reduced debt by $30 million and repurchased 1.8 million shares during the quarter.
Total Assets Under Management (AUM) reached $147.3 billion.
Long-term gross flows were $6.6 billion.
Long-term net flows amounted to -$553 million.
GAAP operating margin was 47.6%.
Victory Capital remains optimistic about its future growth opportunities, despite the difficult market environment and continues to search for strategic acquisitions.
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