earnings
confidence high
sentiment neutral
materiality 0.65
BrightSphere Q2 GAAP EPS $0.67, AUM $90.5B; launches credit and alt initiatives
Acadian Asset Management Inc.
2022-Q2 EPS reported
$1.19
revenue$207,700,000
- U.S. GAAP diluted EPS $0.67 vs $6.42 in Q2 2021 (prior year included Landmark gain).
- ENI EPS $0.41 vs $0.40; revenue $95.5M, down 28.4% YoY on market decline and dispositions.
- AUM $90.5B, down 17.9% from Q1 2022; net client cash flows $(2.8)B for the quarter.
- Announced seeding of Systematic Credit (led by Scott Richardson) and Equity Alternatives platform.
- Quarterly dividend of $0.01/share declared, payable Sept 30, 2022 to holders of record Sept 16.