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Share Name | Share Symbol | Market | Type |
---|---|---|---|
BrightSphere Investment Group Inc | NYSE:BSIG | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.32 | 1.24% | 26.12 | 26.15 | 25.65 | 26.14 | 55,800 | 19:28:24 |
BrightSphere Investment Group Inc. (NYSE: BSIG) today announced that it has completed the sale of its 75% ownership interest in Campbell Global, LLC (“Campbell”), a leading sustainable forestry investment and management company, to J.P. Morgan Asset Management (“J.P. Morgan”), a division of JPMorgan Chase & Co. (NYSE: JPM). As part of the transaction, JP Morgan has also acquired the co-investments in Campbell funds previously held by BrightSphere.
With the completion of the sale of Campbell, BrightSphere’s sole business is now Acadian Asset Management, with AuM of $118 billion as of June 30, 2021, which has been generating outperformance across multiple time periods through its quantitative strategies and solutions. As of June 30, 2021, 87%, 82%, 85% and 88% of Acadian’s strategies by revenue beat their benchmarks over the prior 1-, 3-, 5-, and 10- year periods.
About BrightSphere
BrightSphere is a global asset management company with one operating subsidiary, Acadian Asset Management, with approximately $118 billion of assets under management as of June 30, 2021.1 BrightSphere offers institutional investors across the globe access to a wide array of leading quantitative and solutions-based strategies designed to meet a range of risk and return objectives. For more information, please visit BrightSphere’s website at www.bsig.com. Information that may be important to investors will be routinely posted on our website.
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1 Pro forma for the divestitures of Campbell Global, LLC, Thompson, Siegal & Walmsley, LLC, and Investment Counselors of Maryland, LLC, completed in the fiscal third quarter of 2021.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210831005967/en/
Elie Sugarman ir@bsig.com (617) 369-7300
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