BrightSphere Investment Group Inc. Completes Sale of Affiliate Campbell Global

Rhea-AI Summary

BrightSphere Investment Group has announced the completion of the sale of its 75% stake in Campbell Global to J.P. Morgan Asset Management. This transaction also includes J.P. Morgan acquiring BrightSphere's co-investments in Campbell funds. Following this sale, BrightSphere will focus solely on Acadian Asset Management, which manages approximately $118 billion in assets as of June 30, 2021. Acadian has shown strong performance, with 87% of its strategies outpacing benchmarks over the past decade.

Positive

• BrightSphere focuses exclusively on Acadian Asset Management post-sale.
• Acadian Asset Management manages approximately $118 billion in assets.
• 87% of Acadian's strategies outperformed benchmarks over the last decade.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- 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

Source: BrightSphere Investment Group Inc.

FAQ

What did BrightSphere Investment Group announce on August 31, 2021?

BrightSphere announced the completion of the sale of its 75% stake in Campbell Global to J.P. Morgan Asset Management.

How much does Acadian Asset Management manage as of June 30, 2021?

Acadian Asset Management manages approximately $118 billion as of June 30, 2021.

What percentage of Acadian's strategies beat their benchmarks?

As of June 30, 2021, 87% of Acadian's strategies by revenue beat their benchmarks over the prior decade.

What is the stock symbol for BrightSphere Investment Group?

The stock symbol for BrightSphere Investment Group is BSIG.

What is the stock symbol for JPMorgan Chase & Co.?

The stock symbol for JPMorgan Chase & Co. is JPM.