BrightSphere Investment Group Inc (N:BSIG)

Sector:  Financials Industry:  Investment Management & Fund Operators
 
See Regulatory Filings on SEC
Company Contact
Address: 200 STATE STREET, 13TH FLOOR
BOSTON MA 02109
Tel: N/A
Website: https://www.bsig.com/home/default.aspx
IR: See website
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Key People
Suren Rana
President, Chief Executive Officer, Director
Christina Wiater
Principal Financial Officer, Principal Accounting Officer, Controller
Richard J. Hart
Chief Legal Officer, Secretary
Business Overview
Brightsphere Investment Group Inc. is a diversified asset management company. The Company provides investment management services globally, predominantly to institutional investors. The Company operates through its subsidiary, Acadian Asset Management LLC (Acadian). Acadian is a systematic investment manager of active global, international equity and alternative strategies. The Company operates through one segment: the Quant and Solutions segment. The Quant and Solutions segment is comprised of leverage data and technology in a computational, factor-based investment process across a range of asset classes in developed and emerging markets, including global, non- United States and small-cap equities, as well as managed volatility, systematic macro, equity alternatives, and credit strategies. Through Acadian, the Company offers a diverse range of actively managed investment strategies and products to institutional investors around the globe.
Financial Overview
For the fiscal year ended 31 December 2023, BrightSphere Investment Group Inc revenues increased 2% to $426.6M. Net income decreased 35% to $65.8M. Revenues reflect Reconciling Adjustments segment increase from $400K to $3M. Net income was offset by Compensation and benefits increase of 37% to $217.9M (expense), General and administrative expense increase of 16% to $82.6M (expense). Dividend per share remained flat at $0.04.
Employees: 387 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,004M as of Dec 31, 2023
Annual revenue (TTM): $426.60M as of Dec 31, 2023
EBITDA (TTM): $132.80M as of Dec 31, 2023
Net annual income (TTM): $65.80M as of Dec 31, 2023
Free cash flow (TTM): $52.50M as of Dec 31, 2023
Net Debt Last Fiscal Year: $131.10M as of Dec 31, 2023
Shares outstanding: 38,207,819 as of Feb 26, 2024
Index Membership: S&P 600 Small Cap
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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