The following is a summary of the BrightSphere Investment Group Inc. (BSIG) Q1 2024 Earnings Call Transcript:

Financial Performance:

• BrightSphere reported Q1 2024 ENI per share of $0.44, an increase of 57% compared to Q1 2023, largely driven by increased management fee revenue.

• The Assets Under Management (AUM) has grown by 6.5% to $110 billion.

• The buyback of approximately 10% of outstanding shares positively impacted EPS.

• The company had a cash balance of $102 million at the end of March 2024.

Business Progress:

• Acadian continues to show strong investment performance with over 80% of its strategies outperforming their respective benchmarks.

• Net client cash flows for Q1 2024 remained positive at $0.4 billion.

• Growth initiatives such as the Equity Alternatives Platform and Systematic Credit platform are progressing as planned.

• It repurchased 3.5 million shares in Q1 2024, totaling approximately $74 million.

• The company plans to utilize free cash for organic growth and further share buybacks.

More details: BrightSphere Investment IR

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