BrightSphere Investment (BSIG)
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BrightSphere Investment (BSIG) - 2021 Q4 - Earnings Call Transcript
2022-02-03 22:03
Financial Data and Key Metrics Changes - The company reported ENI per share of $0.53 for Q4 2021, an increase from $0.28 in Q4 2020 and $0.28 in Q3 2021, primarily driven by strong performance [5] - Adjusted EBITDA for Acadian was $87.6 million in Q4 2021, compared to $40.4 million in Q4 2020 and $49.1 million in Q3 2021, reflecting strong performance fees [6] Business Line Data and Key Metrics Changes - Acadian recorded net outflows of $0.8 billion in Q4 2021, an improvement from net outflows of $1.3 billion in Q4 2020, with breakeven revenue flows in Q4 2021 compared to an annualized revenue impact of -$6.1 million in Q4 2020 [6] Market Data and Key Metrics Changes - The company noted a growing demand for uncorrelated strategies and customized solutions, particularly in ESG and diversification, which are well-suited for data-driven approaches [9][12] Company Strategy and Development Direction - The company aims to continue investing in its quant capabilities to remain at the forefront of the industry, focusing on secular growth areas such as ESG, absolute return alternatives, and new markets like China [12] - The company is also developing systematic macro strategies and equity alternative strategies to meet the increasing demand for yield with downside protection [10] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the long-term growth prospects following the divestiture of affiliates, emphasizing the company's strong cash flow generation and commitment to share repurchases [17] - The management indicated that the current market environment is favorable for performance, as it rewards different investment factors rather than just growth [29] Other Important Information - The company has a cash balance of approximately $125 million after paying down retail notes and plans to use this for share repurchases and organic growth initiatives [15] - The company is in the process of integrating its public company functions with its operating business to streamline operations and reduce corporate overhead costs [20] Q&A Session Summary Question: Capital allocation for organic growth and share repurchases - Management indicated that a significant portion of cash generation will be directed towards share repurchases, with incremental needs primarily for seeding new strategies [14][15] Question: Corporate overhead expenses and potential integration - Management confirmed plans to simplify the business structure and integrate public company functions with the operating business, aiming to reduce corporate overhead costs [20][21] Question: Performance fees and their drivers - Management noted that strong investment performance led to significant performance fees in 2021, but they expect lower performance fees in 2022 due to the nature of performance fee recognition [23][30] Question: Demand for quant strategies in 2022 - Management expressed optimism about the performance of quant strategies in the current market environment, which is seen as more discerning [29] Question: Share buyback potential and cash management - Management stated that they typically maintain over $20 million in cash for operations, with plans to allocate around $120 million for share buybacks in the near term [38] Question: Corporate overhead cost reduction timeline - Management confirmed that the process of reducing corporate overhead costs is underway, with a target of reaching around $10 million in the future [39]
BrightSphere Investment (BSIG) - 2021 Q3 - Quarterly Report
2021-11-04 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, 2021 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 ...
BrightSphere Investment (BSIG) - 2021 Q3 - Earnings Call Transcript
2021-10-30 12:07
BrightSphere Investment Group Inc. (NYSE:BSIG) Q3 2021 Earnings Conference Call October 28, 2021 11:00 AM ET Company Participants Elie Sugarman - Managing Director of Strategic Development Suren Rana - Chief Executive Officer, President & Director Conference Call Participants Kenneth Lee - RBC Capital Markets David Eller - Wells Fargo 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 ...
BrightSphere Investment (BSIG) - 2021 Q2 - Quarterly Report
2021-08-08 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 June 30, 2021 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 47-11 ...
BrightSphere Investment (BSIG) - 2021 Q2 - Earnings Call Transcript
2021-07-30 08:30
BrightSphere Investment Group Inc. (NYSE:BSIG) Q2 2021 Earnings Conference Call July 29, 2021 11:00 AM ET Company Participants Elie Sugarman - Head of Corporate Development and IR Suren Rana - CEO Conference Call Participants Robert Lee - Keefe, Bruyette & Woods Kenneth Lee - RBC Michael Cyprys - Morgan Stanley Glenn Schorr - Evercore ISI Operator Ladies and gentlemen, thank you for standing by. Welcome to the BrightSphere Investment Group Earnings Conference Call and Webcast for the Second Quarter 2021. Du ...
BrightSphere Investment (BSIG) - 2021 Q2 - Earnings Call Presentation
2021-07-30 07:49
Contact: Elie Sugarman ir@bsig.com (617) 369-7300 Exhibit 99.1 BrightSphere Reports Financial and Operating Results for the Second Quarter Ended June 30, 2021 • U.S. GAAP earnings per share of $6.42 for the quarter, compared to $0.23 for Q2'20, driven by the gain on sale of Landmark Partners ("Landmark") • ENI earnings per share of $0.40 for the quarter, compared to $0.24 for Q2'20 (excluding Landmark and Thompson, Siegel & Walmsley, LLC ("TSW")) • Net client cash flows ("NCCF") for the quarter of $(0.9) bi ...
BrightSphere Investment (BSIG) - 2021 Q1 - Quarterly Report
2021-05-06 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 March 31, 2021 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 47-1 ...
BrightSphere Investment (BSIG) - 2021 Q1 - Earnings Call Transcript
2021-05-01 21:53
JPMorgan Chase & Co. (NYSE:BSIG) Q1 2021 Results Conference Call April 29, 2021 11:00 AM ET Company Participants Elie Sugarman - Head, Corporate Development and IR Suren Rana - President and CEO Conference Call Participants Craig Siegenthaler - Credit Suisse Glenn Schorr - Evercore ISI Mike Carrier - Bank of America Kenneth Lee - RBC Capital Markets Michael Cyprys - Morgan Stanley Robert Lee - KBW Justin Ziegler - Eaton Vance Operator Ladies and gentlemen, thank you for standing by, and welcome to the Brigh ...
BrightSphere Investment (BSIG) - 2021 Q1 - Earnings Call Presentation
2021-04-30 12:37
Contact: Elie Sugarman ir@bsig.com (617) 369-7300 Exhibit 99.1 BrightSphere Reports Financial and Operating Results for the First Quarter Ended March 31, 2021 • U.S. GAAP earnings per share of $0.33 for the quarter, compared to $0.38 for Q1'20 • ENI earnings per share of $0.34 for the quarter, compared to $0.30 for Q1'20; Landmark would have contributed $0.11 to ENI EPS in Q1'21 and $0.10 to ENI EPS in Q1'20, if not classified as discontinued operations • Net client cash flows ("NCCF") for the quarter of $( ...
BrightSphere Investment (BSIG) - 2020 Q4 - Annual Report
2021-02-28 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2020 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 | --- | --- | --- | --- | |---------------------|------------------------------------------------------------------------------ ...