BrightSphere Reports Financial and Operating Results for the First Quarter Ended March 31, 2021

Rhea-AI Summary

BrightSphere Investment Group announced its Q1 2021 results, reporting approximately $141 billion in assets under management as of March 31, 2021. The company is in the process of divesting Investment Counselors of Maryland and Landmark Partners, expected to close in Q2 2021. The earnings presentation is available on their investor relations website, with a conference call scheduled at 11:00 a.m. ET today for further discussion on these results.

Positive

• Assets under management reached approximately $141 billion.
• Divestiture of non-core assets may streamline operations and improve focus.

Negative

• Divestitures indicate potential challenges in core business strategies.

BrightSphere Investment Group Inc. (NYSE: BSIG) today announced its results for the first quarter ended March 31, 2021.

BrightSphere’s earnings presentation is available at:

https://ir.bsig.com

The Company will hold a conference call and simultaneous webcast to discuss the results at 11:00 a.m. Eastern Time today. To listen to the call or view the webcast, participants should:

Dial-in
Toll Free Dial-in Number: (844) 445-4807
International Dial-in Number: (647) 253-8636
Conference ID: 8633448

Visit ir.bsig.com for the webcast link (register ahead of time or join immediately prior to the call).

A replay of the call will be available beginning approximately one hour after its conclusion either on BrightSphere’s website, at https://ir.bsig.com or by:

Dial-in Replay
Toll Free Dial-in Number: (800) 585-8367
International Dial-in Number: (416) 621-4642
Conference ID: 8633448

About BrightSphere

BrightSphere is a diversified, global asset management company with approximately $141 billion¹ of assets under management as of March 31, 2021. Through its three¹ world-class investment management Affiliates, BrightSphere offers sophisticated investors access to a wide array of leading quantitative and solutions-based, and liquid alpha 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 In the first quarter of 2021, BrightSphere announced the divestiture of Investment Counselors of Maryland and Landmark Partners, which are each expected to close in the second quarter of 2021. These figures give effect to these divestitures.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210429005616/en/

FAQ

What were BrightSphere Investment Group's Q1 2021 results?

BrightSphere reported approximately $141 billion in assets under management as of March 31, 2021.

When will BrightSphere's conference call take place?

The conference call is scheduled for 11:00 a.m. Eastern Time today.

What divestitures is BrightSphere planning?

BrightSphere is divesting Investment Counselors of Maryland and Landmark Partners, expected to close in Q2 2021.