BrightSphere Q4 GAAP EPS fell to $0.54; revenue rose 6.9% to $131.2 million
BrightSphere Investment Group (NYSE: BSIG), whose sole operating business is Acadian Asset Management, reported fourth-quarter 2023 results on February 1, 2024. U.S. GAAP diluted EPS fell 25.0% to $0.54 from $0.72 a year earlier, as operating expenses rose 27.8%, while total revenue grew 6.9% to $131.2 million and ENI diluted EPS rose to $0.77 from $0.67. The filing also declares a $0.01 quarterly dividend and reports $2.0 billion of net client outflows for the quarter.
Key points
- Total revenue of $131.2 million, up 6.9% from $122.7 million in Q4 2022, mainly from higher management fees
- U.S. GAAP net income attributable to controlling interests of $22.8 million, down from $30.4 million; operating expenses rose 27.8% to $95.6 million
- Net client outflows of $(2.0) billion in Q4 2023; AUM of $103.7 billion at December 31, 2023
- Quarterly dividend of $0.01 per share payable March 28, 2024 to holders of record as of March 15, 2024
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:38 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 01, 2024.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.