BrightSphere Investment Group, Inc.
| Public company | |
| Traded as | NYSE: BSIG |
| ISIN | 🆔 |
| Founded 📆 | |
| Founder 👔 | |
| Headquarters 🏙️ | , Boston |
Area served 🗺️ | Worldwide |
Key people | Guang Yang (CEO), Soren Rana (CFO). John Paulson (Director ) |
| Members | |
Number of employees | |
| 🌐 Website | http://www.bsig.com |
| 📇 Address | |
| 📞 telephone | |
BrightSphere Investment Group, Inc. is a publicly-traded international investment management company headquartered in Boston, which owns stakes in a number of boutique asset management, private equity and specialized investment firms.[1]
History[edit]
Paulson & Co., the hedge fund founded by the billionaire John Paulson, purchased a significant stake in BrightSphere in late 2018. As of June 30 2019, BrightSphere had assets under management of $225 billion.
As of 2020, BrightSphere owned seven affiliated investment firms including Acadian, Landmark Partners, Copper Rock Capital Partners, Thompson, Siegel & Walmsley, Investment Counselors of Maryland, Campbell Global, Barrow, Hanley, Mewhinney & Strauss.[2]
BrightSphere and its affiliates invest capital on behalf of institutional investors including pension funds, endowments and foundations, family offices and sovereign wealth funds. The firm is one of the largest publicly-traded asset management firms in the U.S.[3] BrightSphere reported $207.1 million in net revenue for the second quarter of 2019.
BrightSphere, which changed its name from Old Mutual Asset Management in March 2018[4], became a public company on Oct. 9, 2014 when it was spun off from British insurance company, Old Mutual.[5] Paulson & Co. purchased about 25% of BrightSphere from Chinese conglomerate HNA Group in 2018. Paulson is the largest owner of BrightSphere's stock followed by Fidelity Investments and Blackrock.[6]
See also[edit]
- United Asset Management
- Affiliated Managers Group
References[edit]
- ↑ "BrightSphere AUM ticks up in quarter, slips for year". Pensions & Investments. 2019-08-01. Retrieved 2020-02-13.
- ↑ "10-K: BRIGHTSPHERE INVESTMENT GROUP PLC". MarketWatch. Retrieved 2020-02-16.
- ↑ "Old Mutual's Bain gussies up for U.S. IPO goal, would follow ING". Reuters. 2012-11-28. Retrieved 2020-02-24.
- ↑ "BRIEF-Omam Plans To Rebrand As Brightsphere Investment Group PLC". Reuters. 2018-03-02. Retrieved 2020-02-16.
- ↑ Bray, Chad (2020-02-16). "Old Mutual's Asset Management Arm I.P.O. Priced Low at $14 a Share". DealBook. Retrieved 2020-02-16.
- ↑ Steinberg, Rachael Levy and Julie (2018-11-20). "Paulson Agrees to Buy Stake in Asset Manager From HNA". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-02-24.
External links[edit]
- BSIG.com
- Business data for BrightSphere Investment Group: Google Finance
- Yahoo! Finance
- Reuters
- SEC filings
Category:Financial services companies
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