Q1 2025 Results May 2, 2025 WisdomTree – Q1/25 Results 1 Forward Looking Statements This presentation contains forward-looking statements that are based on our management's beliefs and assumptions and on information currently available to our management. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these statements relate to future events or our future financial performance, and involve known and unknown risks, uncertainties and other factors that m ...

Core Insights - Apollo Global Management reported strong first quarter results for the period ending March 31, 2025, showcasing its ability to adapt to changing market conditions [2] - The company achieved record organic inflows and solid investment performance across all major strategies in its Asset Management segment [2] - Apollo declared a cash dividend of $0.51 per share for its Common Stock and $0.8438 per share for its Mandatory Convertible Preferred Stock, reflecting its commitment to returning value to shareholders [3][4] Financial Performance - As of March 31, 2025, Apollo managed approximately $785 billion in assets [8] - The company emphasized its robust origination capabilities and significant dry powder, positioning itself to capitalize on market volatility [2] Dividend Information - The cash dividend for Common Stock will be paid on May 30, 2025, to shareholders of record as of May 16, 2025 [3] - The cash dividend for Mandatory Convertible Preferred Stock will be paid on July 31, 2025, to shareholders of record as of July 15, 2025 [4] Company Overview - Apollo is a global alternative asset manager focused on providing clients with excess returns across various investment strategies [8] - The company has a long-standing approach to retirement services, helping clients achieve financial security through a suite of retirement savings products [8]

Core Insights - Patria reported a record fundraising of $3.2 billion in Q1 2025, positioning the company strongly to meet its $6 billion target for the year [2] - The company achieved Fee Related Earnings (FRE) of $42.6 million, reflecting a year-over-year growth of 21% [3] - Patria generated over $700 million in organic net inflows, indicating an annualized organic growth rate of 9% [2] Financial Performance - Net income attributable to Patria for Q1 2025 was $13.6 million [3] - FRE margin stood at 55.1%, with Distributable Earnings of $36.8 million, or $0.23 per share [3] - The company declared a quarterly dividend of $0.15 per share, payable on June 12, 2025 [4] Business Strategy and Outlook - The company is focused on diversifying its investment platforms, which is contributing to fundraising and organic growth [2] - Despite potential economic headwinds, Patria aims to generate between $200 million to $225 million of FRE for 2025 [2] - Patria specializes in mid-market segments across resilient sectors, with a strong presence in Latin America and Europe [6]

Brookfield Asset Management (BAM -0.15%) has an $88 billion market cap, which isn't huge in the world of finance. But the asset manager has an over 100-year history of successfully investing on behalf of itself and its clients. That kinda success tends to attract investors who want to get in on what Brookfield is doing.And yet, the stock is currently trading down about 12% from its recent highs, working its way back from a decline of more than 25%. What was weighing on this stock, and is it a buy after the ...

Core Viewpoint - The suspension of live trading for certain funds on Nasdaq Copenhagen has been lifted, allowing trading to resume on May 2 [1] Group 1: Fund Information - The following funds and their respective share classes will resume trading: SKAGEN Focus A, SKAGEN Global A, SKAGEN Kon-Tiki A, SKAGEN m2 A, SKAGEN Vekst A, Storebrand Indeks – Alle Markeder A5, Storebrand Indeks – Nye Markeder A5, Storebrand Global Plus A5, Storebrand Global Solutions A5, Storebrand Global Multifactor A5 [1] - Each fund is identified by its symbol and ISIN, ensuring clarity for investors [1] Group 2: Company Overview - Storebrand is Norway's largest private asset manager with assets under management (AuM) of approximately DKK 900 billion [1] - The company is a leading Nordic provider of sustainable pensions and savings, with over 30 years of experience in ESG investing [1] - Storebrand offers a multi-boutique platform in Denmark, delivering sustainable investment solutions through various brands including Storebrand Funds and SKAGEN Funds [1]

Core Points - AMG (NYSE: AMG) will report its financial and operating results for Q1 2025 on May 8, 2025, before market opens [2] - A conference call will be held at 12:00 p.m. Eastern Time on the same day to discuss the results and management's future expectations [3] - Key executives, including Jay C. Horgen (CEO), Thomas M. Wojcik (COO), and Dava E. Ritchea (CFO), will host the conference call [3] - The conference call will be available for replay approximately one hour after its conclusion, with specific dial-in numbers provided [4] - The live call and replay, along with a performance presentation, can be accessed via AMG's website [4]

GREENWICH, Conn. and CHICAGO, May 01, 2025 (GLOBE NEWSWIRE) -- GAMCO Investors, Inc. (“Gabelli”) (OTCQX: GAMI) announced today that it has reached an agreement with Teton Advisors, Inc. (OTC Pink: TETAA) for the investment management services business of Keeley – Teton Advisors, LLC (“Keeley”). Keeley consists of four mutual funds and approximately 500 separately managed accounts (SMAs) with assets under management (“AUM”) of close to $1.0 billion. As part of the transaction, employees of Chicago-based Keel ...

Group 1 - Sprott Inc. plans to release its 2025 first quarter results on May 7, 2025, at 7:00 a.m. ET [1] - An earnings webcast will be held on the same day at 10:00 a.m. ET, hosted by CEO Whitney George, CFO Kevin Hibbert, and CEO of Sprott Asset Management John Ciampaglia [1] - The webcast can be accessed through a provided link [2] Group 2 - Sprott is a global asset manager specializing in precious metals and critical materials investments, with a focus on in-depth knowledge and relationships [4] - The company offers various investment strategies, including Exchange Listed Products, Managed Equities, and Private Strategies [4] - Sprott has offices in Toronto, New York, Connecticut, and California, and its shares are listed on both the NYSE and TSX under the symbol SII [4]

Core Insights - Janus Henderson Group plc (JHG) reported revenue of $621.4 million for Q1 2025, marking a year-over-year increase of 12.6% and an EPS of $0.79, up from $0.71 a year ago, with both figures exceeding analyst expectations [1][2] Financial Performance - The revenue of $621.4 million surpassed the Zacks Consensus Estimate of $619.94 million by +0.24% [1] - The EPS of $0.79 exceeded the consensus estimate of $0.72, resulting in an EPS surprise of +9.72% [1] - Average Assets under Management (AUM) totaled $386.4 billion, exceeding the average estimate of $370.53 billion [4] - Management fees revenue was reported at $513 million, above the average estimate of $505.91 million, reflecting a year-over-year increase of +11.7% [4] - Other revenue was $50.60 million, slightly below the average estimate of $52.20 million, but still showing a +5% year-over-year change [4] - Shareowner servicing fees reached $61.40 million, slightly above the estimated $61.09 million, with a +7.3% change compared to the previous year [4] Market Performance - Over the past month, shares of Janus Henderson Group have returned -9.8%, underperforming the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance in the near term [3]

Financial Data and Key Metrics Changes - The company reported a 31% increase in management fees, with approximately 90% derived from permanent capital vehicles [35] - Fee-related earnings (FRE) grew by 23%, while distributable earnings (DE) increased by 20% on a last twelve months (LTM) basis [35][23] - The company raised $6.7 billion in equity during the first quarter and $29.4 billion over the last twelve months, marking a 76% increase from the prior year [36] Business Line Data and Key Metrics Changes - In direct lending, gross origination reached nearly $13 billion, with net origination over $4.5 billion for the quarter, more than double the previous quarter's net origination [26] - The direct lending portfolio gross returns were 3.1% in the first quarter and 13.3% over the last twelve months [39] - The net lease strategy saw a record quarter of commitments totaling $3.8 billion, with commitments over the last twelve months reaching $8 billion at an average cap rate of roughly 8% [46] Market Data and Key Metrics Changes - The company raised over $6.5 billion in the first quarter, with $4 billion raised in private wealth, primarily across perpetually distributed products and GP stakes [25] - The company noted a significant increase in investor interest in alternative credit solutions, particularly as traditional securitization markets face challenges [22] Company Strategy and Development Direction - The company is focused on innovation, diversification, and scale, aligning with the ongoing evolution of the alternatives industry [11] - The strategy emphasizes downside protection, income generation, and inflation protection, which are particularly valuable in volatile markets [18] - The company aims to leverage its permanent capital model to provide stability and predictability in uncertain economic environments [49] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate current market volatility, citing a strong track record of performance during previous disruptions [16] - The company anticipates continued growth in FRE per share, expecting to narrow the gap between FRE growth and FRE per share growth over the next few years [56] - Management highlighted the defensive nature of their business model, which is expected to perform well even in challenging economic conditions [50] Other Important Information - The company completed the merger of OTF and OTF2, positioning OTF as the largest technology-focused BDC in the public market, which is expected to drive additional management fees [20] - The company has over $23 billion of assets under management (AUM) that will begin to pay management fees once capital is deployed, potentially driving an incremental $290 million in revenue [19] Q&A Session Summary Question: How to bridge the gap from stable growth to better earnings per share growth? - Management acknowledged a gap between FRE growth and FRE per share growth due to acquisitions and expects this gap to narrow in the coming years, targeting 20% growth in FRE per share over the next five years [55][56] Question: Evolution of retail investors' behavior during volatility? - Management noted that retail investors are increasingly recognizing the benefits of stability and predictability offered by Blue Owl products, especially during volatile periods [60][64] Question: Drivers for expected acceleration in institutional business? - Management highlighted the launch of flagship funds and new products as key drivers for anticipated growth in institutional fundraising throughout the year [68][76] Question: Dynamics of GP stakes fees and future run rate? - Management explained that the decline in GP stakes fees was due to a fee step down and catch-up fees from the previous quarter, indicating a clean quarter for management fees [84][86] Question: Spread and pricing dynamics in the market? - Management indicated that dislocated environments are beneficial for the company, with expectations for spreads to widen as competition in the public market diminishes [90][95]