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BrightSphere Investment Group Inc. reported developments tied to its role as a global asset management holding company centered on Acadian Asset Management. Company news commonly covered quarterly financial and operating results, assets under management, earnings presentations and conference-call announcements.
Recurring updates also addressed Acadian's quantitative, solutions-based and systematic investment strategies for institutional clients, along with BrightSphere's transition from a multi-boutique legacy structure toward a single operating asset-management business and related corporate-governance changes.
BrightSphere Investment Group announced its Q1 2021 results, reporting approximately $141 billion in assets under management as of March 31, 2021. The company is in the process of divesting Investment Counselors of Maryland and Landmark Partners, expected to close in Q2 2021. The earnings presentation is available on their investor relations website, with a conference call scheduled at 11:00 a.m. ET today for further discussion on these results.
BrightSphere Investment Group will announce its financial results for Q1 2021 on April 29, 2021, at 7:30 a.m. ET. The results will be disseminated via a press release and slide presentation. A conference call to discuss these results is scheduled for 11:00 a.m. ET. Participants can join the call using the toll-free number (844) 445-4807 or the international number (647) 253-8636, with Conference ID 8633448. A replay will be available after the call on BrightSphere’s website.
As of December 31, 2020, BrightSphere manages approximately $157 billion in assets.
BrightSphere Investment Group announced the sale of its 60% stake in Landmark Partners LLC to Ares Management for $690 million. The total transaction, which includes a 40% interest from Landmark's management team valued at $390 million, amounts to approximately $1.1 billion. BrightSphere expects after-tax proceeds of around $630 million from this deal, including co-investments worth $34 million as of December 31, 2020. The transaction is subject to regulatory approvals and is expected to close in Q2 2021.
BrightSphere Investment Group reported its fourth quarter results for 2020, revealing a total of approximately $157 billion in assets under management. The company emphasized its diversified global asset management approach, providing investors with access to various strategies aimed at achieving diverse risk and return objectives. BrightSphere will hold a conference call to discuss these results, available via toll-free and international dial-in numbers, ensuring stakeholders remain informed.
BrightSphere Investment Group (NYSE: BSIG) will announce its fourth quarter financial and operating results on February 4, 2021, at 7:30 a.m. ET. A conference call and webcast discussing the results will follow at 11:00 a.m. ET. Investors can join by dialing (844) 445-4807 (toll-free) or (647) 253-8636 (international) with Conference ID: 3498574. A replay of the call will be accessible after one hour via BrightSphere’s website or by dialing (800) 585-8367 (toll-free) or (416) 621-4642 (international). BrightSphere manages approximately $140 billion in assets as of September 30, 2020.
BrightSphere Investment Group (NYSE: BSIG) reported its third-quarter results for the period ending September 30, 2020. The company manages approximately $140 billion in assets. Following the recent divestiture of Copper Rock in July, BrightSphere is set to finalize the sale of Barrow Hanley in Q4 2020. Stakeholders can access the earnings presentation online and join a conference call scheduled for 11:00 a.m. Eastern Time.
BrightSphere Investment Group (NYSE: BSIG) is set to release its third-quarter financial results for the period ending September 30, 2020, on Thursday, October 29, 2020. Results will be disclosed via press release and slide presentation at 7:30 a.m. ET, followed by a conference call at 11:00 a.m. ET to discuss the findings. Investors can listen in by dialing the provided toll-free number or accessing the webcast via ir.bsig.com. A replay will be available post-call through the same website.
Barrow Hanley has entered into an acquisition agreement with Perpetual Limited, an Australian financial firm, while being sold by BrightSphere Investment Group (NYSE: BSIG). This acquisition is aligned with Perpetual's strategy to enhance its investment expertise and capabilities. Barrow Hanley will retain its brand and management, continuing its value-centric investment approach. The deal is expected to close in Q4 2020, pending regulatory approvals. Barrow Hanley's management emphasizes commitment to competitive investment results, while Perpetual aims to diversify its client base and expand internationally.