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BrightSphere Investment (BSIG) - 2023 Q2 - Quarterly Report
2023-08-07 16:00
The following table presents the financial data for the Company's segments for the three months ended June 30, 2022 (in millions): The following table presents the financial data for the Company's segment for the six months ended June 30, 2023 (in millions): 25 Table of Contents BrightSphere Investment Group Inc. Notes to Condensed Consolidated Financial Statements (unaudited) 13) Segments (cont.) The following table presents the financial data for the Company's segment for the six months ended June 30, 202 ...
BrightSphere Investment (BSIG) - 2023 Q2 - Earnings Call Transcript
2023-08-06 13:48
Financial Data and Key Metrics Changes - For Q2 2023, the company reported earnings per share (ENI) of $0.28, down from $0.41 in Q2 2022 and unchanged from Q1 2023, primarily due to higher operating expenses driven by foreign currency changes, inflation, and investments in growth initiatives [5][18][32] Business Line Data and Key Metrics Changes - Acadian's investment performance remains strong, with 81% and 90% of strategies by revenue beating their benchmarks over the prior three, five, and ten-year periods, respectively [18] - The company reported modestly positive net flows of $0.1 billion, marking the fourth consecutive quarter of positive net flows [18] Market Data and Key Metrics Changes - The fee rate is currently around 38 basis points, slightly up from 37 basis points a year ago, influenced by the mix of inflows and outflows, with emerging markets having a higher fee rate [32] Company Strategy and Development Direction - The long-term strategy focuses on investing in core capabilities and leveraging a unique Quant platform to expand into new areas, while using free cash flow to support organic growth and stock buybacks [28] - The company is cautiously optimistic about client sentiment, with a strong sales pipeline and continued interest across various strategies [34] Management's Comments on Operating Environment and Future Outlook - Management noted that clients are generally looking to invest, and the pipeline remains healthy, although there were some outflows from managed volatility strategies [34] - The company expects to maintain its current expense levels in the near term, despite some fluctuations due to foreign exchange impacts [33] Other Important Information - The company ended the quarter with a cash balance of $141 million and reduced its revolving facility balance to $38 million from $87 million in the previous quarter [6][19] Q&A Session Summary Question: Update on buybacks and cash usage - Management indicated no buybacks occurred in the last quarter, with cash primarily allocated to support organic growth and potential buybacks when opportunities arise [9][29] Question: Institutional pipeline update - The institutional pipeline remains strong, with interest across various strategies, and no significant exodus from any particular strategies [26][30] Question: Client sentiment and implications for organic growth - Management observed that clients are willing to invest, and the pipeline is good, although there were some outflows from managed volatility strategies [34]
BrightSphere Investment (BSIG) - 2023 Q1 - Quarterly Report
2023-05-07 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 BRIGHTSPHERE Investment Group Inc. Delaware 47-1121020 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) Boston, Massachusetts 02109 (Address of principal executive offices) (Zip Code) (617)-369-7300 (Registrant's telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Title of each class Ticker Symbol Name of each exchange on which registered C ...
BrightSphere Investment (BSIG) - 2023 Q1 - Earnings Call Transcript
2023-05-05 22:24
BrightSphere Investment Group Inc. (NYSE:BSIG) Q1 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Melody Huang - Senior Vice President, Director of Finance & Investor Relations Suren Rana - President & Chief Executive Officer Conference Call Participants Michael Cyprys - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. Welcome to the BrightSphere Investment Group Earnings Conference Call and Webcast for the First Quarter 2023. During the call, all participa ...
BrightSphere Investment (BSIG) - 2023 Q1 - Earnings Call Presentation
2023-05-05 04:46
BrightSphere Reports Financial and Operating Results for the First Quarter Ended March 31, 2023 BOSTON - May 4, 2023 - BrightSphere Investment Group Inc. (NYSE: BSIG) reports its results for the first quarter ended March 31, 2023. Acadian's systematic approach continues to produce long-term investment out-performance for clients in a challenging and volatile market. As of March 31, 2023, 87%, 86% and 90% of Acadian's strategies by revenue beat their respective benchmarks over the prior 3-, 5-, and 10- year ...
BrightSphere Investment (BSIG) - 2022 Q4 - Annual Report
2023-02-27 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 2) Basis of Presentation and Significant Accounting Policies The Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP"). All dollar amounts, except per-share data in the text and tables herein, are stated in millions unless otherwise indicated. Transactions between the Company and its related parties are included in the Consolidated Financial Statemen ...
BrightSphere Investment (BSIG) - 2022 Q4 - Earnings Call Presentation
2023-02-02 21:53
The Company will hold a conference call and simultaneous webcast to discuss the results at 11:00 a.m. Eastern Time on February 2, 2023. To listen to the call or view the webcast, participants should: Actual results may differ materially from those in forward-looking information as a result of various factors, some of which are beyond the Company's control, including but not limited to those discussed elsewhere in this communication. Additional factors that could cause actual results to differ from the forwa ...
BrightSphere Investment (BSIG) - 2022 Q4 - Earnings Call Transcript
2023-02-02 21:52
BrightSphere Investment Group, Inc. (NYSE:BSIG) Q4 2022 Earnings Conference Call February 2, 2023 11:00 AM ET Company Participants Elie Sugarman - Head of Strategy & Corporate Development Suren Rana - President & CEO Conference Call Participants Glenn Schorr - Evercore Kenneth Lee - RBC Capital Markets Michael Cyprys - Morgan Stanley Operator Ladies and gentlemen, thank you for standing by. Welcome to BrightSphere Investment Group Earnings Conference Call and Webcast for the Fourth Quarter 2022. During the ...
BrightSphere Investment (BSIG) - 2022 Q3 - Earnings Call Transcript
2022-11-05 16:36
BrightSphere Investment Group, Inc. (NYSE:BSIG) Q3 2022 Results Conference Call November 3, 2022 11:00 AM ET Company Participants Elie Sugarman - Head of Strategy and Corporate Development Suren Rana - President and Chief Executive Officer Conference Call Participants Kenneth Lee - RBC Capital Markets Michael Cyprys - Morgan Stanley John Dunn - Evercore ISI Operator Ladies and gentlemen, thank you for standing by. Welcome to the BrightSphere Investment Group earnings conference call and webcast for the thir ...
BrightSphere Investment (BSIG) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38979 BRIGHTSPHERE Investment Group Inc. (Exact name of registrant as specified in its charter) Delaware ...