Brightsphere Investment Group Inc Stock Price, News & Analysis

BrightSphere Investment Group (NYSE: BSIG) will announce its financial results for Q3 2021 on October 28, 2021, at 7:30 a.m. ET. Following the release, a conference call will occur at 11:00 a.m. ET to discuss the results. Interested participants can dial in using (888) 330-3451 (toll-free) or (646) 960-0843 (international) with the Conference ID: 2259293. A replay will be available post-call. BrightSphere manages approximately $118 billion in assets as of June 30, 2021.

BrightSphere Investment Group has announced the completion of the sale of its 75% stake in Campbell Global to J.P. Morgan Asset Management. This transaction also includes J.P. Morgan acquiring BrightSphere's co-investments in Campbell funds. Following this sale, BrightSphere will focus solely on Acadian Asset Management, which manages approximately $118 billion in assets as of June 30, 2021. Acadian has shown strong performance, with 87% of its strategies outpacing benchmarks over the past decade.

BrightSphere Investment Group reported its second-quarter results for the period ending June 30, 2021. The firm, which manages approximately $118 billion in assets, offers a range of quantitative strategies to institutional investors globally. Key highlights and metrics related to their financial performance will be discussed during an upcoming conference call at 11:00 a.m. ET. Investors can access details for joining the call and listening to the replay on the company’s website.

BrightSphere Investment Group announced the completion of its sale of a 75.1% stake in Thompson, Siegel & Walmsley to Pendal Group for about $240 million. Additionally, BrightSphere plans to redeem seed capital investments in TSW funds, expected to yield an extra $14 million, bringing total after-tax net proceeds from both transactions to approximately $196 million. The company also completed the sale of Investors Counselors of Maryland to William Blair Investment Management. Following these sales, BrightSphere will solely operate Acadian Asset Management, managing around $111 billion in assets.

BrightSphere Investment Group will report its financial results for Q2 2021 on July 29, 2021, at 7:30 AM ET. Following this, a conference call will occur at 11:00 AM ET to discuss the results. Participants can join via toll-free dial-in at (844) 445-4807 or internationally at (647) 253-8636, using Conference ID 6128296. A replay will be available one hour after the call on BrightSphere's website. As of March 31, 2021, the firm manages approximately $111 billion in assets through its subsidiary, Acadian Asset Management.

BrightSphere Investment Group (NYSE: BSIG) announced a definitive agreement to sell its 75% stake in Campbell Global to J.P. Morgan Asset Management for undisclosed terms. This deal also includes the acquisition of a 25% stake held by Campbell's management. Following the sale, BrightSphere will focus solely on Acadian Asset Management, which has $111 billion in assets under management (AUM) as of March 31, 2021. Acadian's strategies have consistently outperformed benchmarks, with significant percentages of strategies exceeding expectations over various time periods.

BrightSphere Investment Group has finalized the sale of its 60% stake in Landmark Partners to Ares Management for total gross proceeds of $719 million. This includes the transfer of co-investment interests. After customary adjustments, estimated after-tax proceeds are around $625 million. Suren Rana, CEO, stated this divestment enhances shareholder value and positions the company to focus on Acadian, which has a strong track record in quantitative strategies. BrightSphere manages approximately $116 billion in assets as of March 31, 2021.

Pendal Group has announced its acquisition of Thompson, Siegel & Walmsley LLC for $320 million. This strategic move will more than double Pendal's U.S. assets under management from $21.1 billion to $44.7 billion. TSW, a Virginia-based investment manager, manages $23.6 billion in assets and is known for its strong performance. The acquisition aligns with Pendal's growth strategy and will enhance its product offerings and client solutions. TSW's CEO, John Reifsnider, will lead the combined U.S. business.

BrightSphere Investment Group announced the sale of its 75.1% stake in Thompson, Siegel Walmsley (TSW) to Pendal Group for $240 million, with total consideration reaching approximately $320 million including a management stake. BrightSphere expects after-tax proceeds of about $196 million from the deal. The transaction, pending regulatory approvals, is anticipated to close in Q3 2021. CEO Suren Rana highlighted the value unlocked for shareholders and plans to use proceeds for debt repayment and shareholder returns.