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BrightSphere Investment Group, Inc.

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BrightSphere Investment Group, Inc.
Public company
Traded asNYSE: BSIG
ISIN🆔
Founded 📆
Founder 👔
Headquarters 🏙️,
Boston
Area served 🗺️
Worldwide
Key people
Guang Yang (CEO), Soren Rana (CFO). John Paulson (Director )
Members
Number of employees
🌐 Websitewww.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] Paulson & Co., the hedge fund founded by the billionaire John Paulson, purchased a significant stake in BrightSphere in late 2018.[2] As of June 30 2019, BrightSphere had assets under management of $225 billion.[3]

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.[4]

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.[5]

BrightSphere, which changed it's name from Old Mutual Asset Management in March 2018[6], became a public company on Oct. 9, 2014 when it was spun off from British insurance company, Old Mutual.[7] Paulson & Co. purchased about 25% of BrightSphere from Chinese conglomerate HNA Group.[8] Paulson is the largest owner of BrightSphere's stock followed by Fidelity Investments and Blackrock.[9]

Board Members[10][edit]

  • Guang Yang, Executive Chairman
  • Robert Chersi, Lead Independent Director
  • Maliz Beams
  • Andrew Kim
  • Reginald Love
  • John Paulson
  • Barbara Trebbi

See also[edit]

References[edit]

  1. "BrightSphere AUM ticks up in quarter, slips for year". Pensions & Investments. 2019-08-01. Retrieved 2020-02-13.
  2. 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 2020-02-13.
  3. "BrightSphere AUM ticks up in quarter, slips for year". Pensions & Investments. 2019-08-01. Retrieved 2020-02-16.
  4. "10-K: BRIGHTSPHERE INVESTMENT GROUP PLC". MarketWatch. Retrieved 2020-02-16.
  5. "Old Mutual's Bain gussies up for U.S. IPO goal, would follow ING". Reuters. 2012-11-28. Retrieved 2020-02-24.
  6. "BRIEF-Omam Plans To Rebrand As Brightsphere Investment Group PLC". Reuters. 2018-03-02. Retrieved 2020-02-16.
  7. Bray, Chad (1412842270). "Old Mutual's Asset Management Arm I.P.O. Priced Low at $14 a Share". DealBook. Retrieved 2020-02-16. Check date values in: |date= (help)
  8. 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.
  9. 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.
  10. "BrightSphere Investment Group - Investor Relations - Corporate Governance". ir.bsig.com. Retrieved 2020-02-16.

External links[edit]

Category:Financial services companies


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