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 |
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 |