Strategic Acquisition of Ceres Partners
WisdomTree announced the acquisition of Ceres Partners, a leading U.S. farmland investment manager. This transaction is expected to be accretive, accelerating both revenue growth and margins. By 2030, WisdomTree expects to raise at least $750 million into farmland-focused strategies, potentially managing $10 billion in assets in 10 years.
Record High Assets Under Management (AUM)
The company reported record AUM of $126 billion as of June 30, with $85.2 billion in U.S.-listed AUM and $40.5 billion in Europe, both all-time highs. AUM in digital assets also increased, reaching $500 million.
European Defense Fund Success
The WisdomTree Europe Defense Fund, launched in March, has already accumulated more than $3.5 billion in assets, marking one of the strongest launches in the company's history.
Strong Revenue Growth
Revenues increased to $112.6 million during the quarter, up 4.2% from the first quarter and approximately 5.2% year-over-year, driven by higher average AUM.
Digital Asset Growth
Digital asset AUM grew to $350 million at quarter-end and now stands over $500 million, with significant institutional flows through the Connect platform.