BrightSphere Investment Group Inc. Completes Sale of Affiliate Campbell Global
August 31 2021 - 4:01PM
Business Wire
BrightSphere Investment Group Inc. (NYSE: BSIG) today announced
that it has completed the sale of its 75% ownership interest in
Campbell Global, LLC (“Campbell”), a leading sustainable forestry
investment and management company, to J.P. Morgan Asset Management
(“J.P. Morgan”), a division of JPMorgan Chase & Co. (NYSE:
JPM). As part of the transaction, JP Morgan has also acquired the
co-investments in Campbell funds previously held by
BrightSphere.
With the completion of the sale of Campbell, BrightSphere’s sole
business is now Acadian Asset Management, with AuM of $118 billion
as of June 30, 2021, which has been generating outperformance
across multiple time periods through its quantitative strategies
and solutions. As of June 30, 2021, 87%, 82%, 85% and 88% of
Acadian’s strategies by revenue beat their benchmarks over the
prior 1-, 3-, 5-, and 10- year periods.
About BrightSphere
BrightSphere is a global asset management company with one
operating subsidiary, Acadian Asset Management, with approximately
$118 billion of assets under management as of June 30, 2021.1
BrightSphere offers institutional investors across the globe access
to a wide array of leading quantitative and solutions-based
strategies designed to meet a range of risk and return objectives.
For more information, please visit BrightSphere’s website at
www.bsig.com. Information that may be important to investors will
be routinely posted on our website.
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1 Pro forma for the divestitures of Campbell Global, LLC,
Thompson, Siegal & Walmsley, LLC, and Investment Counselors of
Maryland, LLC, completed in the fiscal third quarter of 2021.
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version on businesswire.com: https://www.businesswire.com/news/home/20210831005967/en/
Elie Sugarman ir@bsig.com (617) 369-7300
BrightSphere Investment (NYSE:BSIG)
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