Company: COHN
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001437749-25-007158
Chunk: 339

Company: Cohen & Co Inc.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 1
Chunk 339
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. Our calculation of AUM may differ from the calculations used by other asset managers and, as a result, this measure may not be comparable to similar measures presented by other asset managers. This definition of AUM is not necessarily identical to the definitions of AUM that may be used in our management agreements.

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      ASSETS UNDER MANAGEMENT 

      (Dollars in Thousands) 

      As of December 31, 

      2024 

      2023 

      2022 

      Company-sponsored CDOs 
      
     $
     965,887

     $
     995,191

     $
     1,053,430

      Other Investment Vehicles (1) 

     1,359,310

     1,362,484

     1,061,250

      Assets under management (2) 
      
     $
     2,325,197

     $
     2,357,675

     $
     2,114,680

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      (1) 
      Other Investment Vehicles include any Investment Vehicle that is not a Company-sponsored CDO. 

      (2) 
      The accounts we manage may employ leverage.  In some cases, our fees are based on gross assets and in other cases on net assets.  Finally, in the case of the SPAC Series Funds, there are no management fees earned.  AUM included herein is calculated using either gross or net assets of each managed account or CDO based on whichever serves as the basis for our management fees. In the case where no management fees are earned, the net assets are included.   

      44

Asset management fees increased by $1,672, or 23%, to $9,009 for the year ended December 31, 2024, as compared to $7,337 for the year ended December 31, 2023, as discussed in more detail below.

      ASSET MANAGEMENT 

      (Dollars in Thousands) 

      Year Ended December 31, 

      2024 

      2023 

      Change 

      CDOs 
      
     $
     1,566

     $
     1,638

     $
     (72
     )

      Other 

     7,443

     5,699

     1,744

      Total 
      
     $
     9,009

     $
     7,