The following is a summary of the BrightSphere Investment Group Inc. (BSIG) Q4 2023 Earnings Call Transcript:

Financial Performance:

• BrightSphere Investment Group reported an increase in Q4 ENI per share, from $0.67 the previous year to $0.77, a 15% increase mainly due to a 10% increase in management fee revenue, a consequence of higher AUM.

• Net client cash flows for the quarter were negative $2 billion due to outflows associated with managed volatility strategies and selected large reallocation.

• Share buybacks of up to $100 million were authorized by the BSIG Board, with approximately $43 million (or 2.1 million shares) repurchased so far.

Business Progress:

• Over 90% of Acadian's strategies outperformed benchmarks over 3-, 5- and 10-year periods.

• Acadian's Equity Alternatives platform recorded good investment outperformance, while the Systematic Credit initiative, seeded in November 2023 with $15 million of seed capital in the High Yield strategy, has begun to build its track record.

• The company plans to use the remaining $147 million in cash balance for additional buybacks and the seeding of more organic growth.

More details: BrightSphere Investment IR

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