Every material Form 8-K Acadian Asset Management filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
BrightSphere Investment Group, parent of Acadian Asset Management, reported third-quarter 2024 results on October 31, 2024. Revenue rose 14.7%, but U.S. GAAP net income attributable to controlling interests fell 13.8%, while non-GAAP ENI earnings per share rose to $0.59 from $0.45. The filing names BrightSphere, not Acadian Asset Management Inc. or ticker AAMI, and lists the stock as NYSE: BSIG.
Total revenue of $123.1 million, up 14.7% from $107.3 million in Q3 2023
U.S. GAAP net income attributable to controlling interests of $16.9 million, down from $19.6 million; diluted EPS $0.45 vs. $0.46
ENI diluted EPS of $0.59 vs. $0.45 in Q3 2023; assets under management of $120.3 billion at September 30, 2024
Board approved a $0.01 per share interim dividend, payable December 27, 2024 to holders of record on December 13, 2024
BrightSphere Investment Group said Kelly Young, CEO of its sole remaining affiliate Acadian Asset Management, will become President, CEO and a director effective January 1, 2025, succeeding Suren Rana, who steps down December 31, 2024. The company also plans to rename itself Acadian Asset Management Inc. and change its NYSE ticker from BSIG to AAMI, after divesting six of its seven affiliates. The filing sets out Young's $650,000 base salary, a $8.35 million target bonus and severance terms that include up to 24 months of base salary continuation.
Kelly Young to become President, CEO and director effective January 1, 2025; Suren Rana steps down as CEO effective December 31, 2024.
Young's employment agreement sets a $650,000 annual base salary and a $8.35 million target bonus.
Company to be renamed Acadian Asset Management Inc., effective January 1, 2025; NYSE ticker changes from BSIG to AAMI, with trading under the new name on or about January 2, 2025.
Acadian had approximately $113 billion of assets under management as of June 30, 2024.
BrightSphere Investment Group (NYSE: BSIG), whose sole operating business is Acadian Asset Management, reported second-quarter 2024 total revenue of $109.0 million, up 13.2% from a year earlier, and U.S. GAAP diluted EPS of $0.29 versus $0.27. Net income attributable to controlling interests fell 3.5% to $11.0 million, while ENI earnings per share rose to $0.45 from $0.28, which shareholders should weigh alongside the GAAP figures.
Total revenue of $109.0 million for Q2 2024, up from $96.3 million in Q2 2023
U.S. GAAP diluted EPS of $0.29 versus $0.27; net income attributable to controlling interests of $11.0 million versus $11.4 million
ENI EPS of $0.45 versus $0.28; AUM of $112.6 billion at June 30, 2024
Repurchased 4.4 million shares for $94.9 million year to date; $0.01 quarterly dividend payable September 27, 2024
BrightSphere Investment Group Inc. (NYSE: BSIG), parent of Acadian Asset Management, reported first-quarter 2024 results on May 2, 2024. Total revenue rose 15.1% to $105.7 million and U.S. GAAP diluted EPS rose 32.1% to $0.37, helped by higher management fees and fewer shares outstanding after buybacks. Compared with the fourth quarter of 2023, revenue and earnings fell because performance fees are seasonal.
Total revenue of $105.7 million for Q1 2024, up from $91.8 million in Q1 2023
U.S. GAAP diluted EPS of $0.37 vs. $0.28 a year earlier; ENI diluted EPS of $0.44
Repurchased 3.5 million shares for $74.4 million in Q1 2024; quarterly dividend of $0.01 per share payable June 28, 2024
Revolving credit facility balance of $73 million at March 31, 2024; net leverage ratio of 1.7x
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.
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
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Acadian Asset Management filing is on SEC EDGAR ↗. 8-K briefs of other companies →