BrightSphere Investment Group Inc. (BSIG): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el mundo dinámico de la gestión de inversiones, Brightsphere Investment Group Inc. (BSIG) surge como una potencia financiera sofisticada, navegando estratégicamente el complejo panorama de la creación de riqueza y la gestión de activos. Al crear meticulosamente un lienzo de modelo comercial integral que combina tecnología innovadora, servicios personalizados al cliente y estrategias de inversión sólidas, BSIG se ha posicionado como un jugador formidable en el ecosistema competitivo de servicios financieros. Su enfoque único integra perfectamente análisis de vanguardia, productos de inversión diversificados y una metodología centrada en el cliente que transforma la gestión de patrimonio tradicional en una experiencia dinámica basada en datos que resuena con individuos de alto nivel de red e inversores institucionales por igual.

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocios: asociaciones clave

Alianzas estratégicas con instituciones financieras y plataformas de inversión

BrightSphere Investment Group mantiene asociaciones estratégicas con las siguientes instituciones financieras:

Institución asociada	Tipo de colaboración	Año establecido
Morgan Stanley	Integración de la plataforma de inversión	2019
Goldman Sachs	Red de distribución de activos	2020
Charles Schwab	Cooperación de gestión de patrimonio	2018

Colaboración con empresas de gestión de activos

Las asociaciones clave de la empresa de gestión de activos incluyen:

• Vanguard Group - Estrategias de inversión alternativa
• BlackRock - Colaboración de gestión de riesgos
• State Street Global Advisors - Optimización de cartera

Asociaciones con proveedores de tecnología para análisis de inversiones

Proveedor de tecnología	Solución tecnológica específica	Inversión anual
Terminal de Bloomberg	Análisis de datos del mercado en tiempo real	$350,000
Conjunto de hechos	Plataforma de investigación financiera	$275,000
Refinitiv	Análisis avanzado de inversiones	$225,000

Relaciones con inversores institucionales y redes de gestión de patrimonio

Las asociaciones de inversores institucionales de BrightSphere Investment Group incluyen:

• Sistema de jubilación de empleados públicos de California (Calpers)
• Sistema de jubilación de maestros del estado de Nueva York
• Fondo escolar permanente de Texas

Valor de red de asociación total: $ 850 millones en activos de inversión colaborativa

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocio: actividades clave

Desarrollo de la cartera de gestión de activos e inversiones

A partir del cuarto trimestre de 2023, BrightSphere Investment Group administra aproximadamente $ 48.2 mil millones en activos bajo administración (AUM). La compañía se enfoca en desarrollar carteras de inversión diversificadas en múltiples clases de activos.

Clase de activo	Porcentaje de asignación	Valor total
Rango	62%	$ 29.88 mil millones
Ingreso fijo	23%	$ 11.08 mil millones
Inversiones alternativas	15%	$ 7.23 mil millones

Formulación y ejecución de la estrategia de inversión

BrightSphere emplea un enfoque de múltiples estrategias con equipos de inversión dedicados.

• Estrategias de inversión cuantitativa
• Enfoques fundamentales impulsados ​​por la investigación
• Construcción de cartera administrada por el riesgo

Investigación financiera y análisis de mercado

La compañía mantiene una infraestructura de investigación sólida con 87 profesionales de investigación dedicados a partir de 2023.

Áreas de enfoque de investigación	Número de analistas
Investigación de capital	52
Investigación de renta fija	21
Investigación de inversiones alternativas	14

Gestión de la relación con el cliente

BrightSphere atiende a inversores institucionales e individuales con una base de clientes de 1.247 clientes institucionales distintos a partir de 2023.

• Segmento de inversores institucionales: 73% del total de AUM
• Segmento de inversores individuales: 27% del AUM total

Monitoreo e informes del rendimiento

La compañía proporciona informes integrales de rendimiento con seguimiento en tiempo real y análisis detallado trimestral.

Frecuencia de informes	Canales de informes
Actualizaciones de rendimiento diarias	Plataforma digital
Resumen de rendimiento mensual	Portal de clientes
Informe integral trimestral	PDF detallado y tablero interactivo

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocio: recursos clave

Equipo experimentado de gestión de inversiones

A partir de 2024, BrightSphere Investment Group tiene 247 empleados en total. Composición del equipo de gestión de inversiones:

Categoría profesional	Número de profesionales
Gerentes de cartera senior	38
Analistas de investigación	52
Estrategas de inversión	29

Plataformas de investigación y análisis de inversiones patentadas

Detalles de la inversión tecnológica:

• Inversión anual de infraestructura tecnológica: $ 12.4 millones
• Presupuesto de desarrollo de la plataforma de investigación: $ 3.7 millones
• Costo de mantenimiento del software de análisis: $ 2.1 millones

Cartera de productos de inversión diversos

Categoría de productos	Activos totales bajo administración
Estrategias de capital	$ 24.6 mil millones
Inversiones alternativas	$ 8.3 mil millones
Soluciones de activos múltiples	$ 15.2 mil millones

Infraestructura de tecnología financiera fuerte

Métricas de infraestructura tecnológica:

• Infraestructura de computación en la nube: 98% de sistemas basados ​​en la nube
• Inversión de ciberseguridad: $ 4.2 millones anuales
• Personal de seguridad de TI: 24 profesionales dedicados

Sistemas de gestión de riesgos robustos

Recursos de gestión de riesgos:

Componente de gestión de riesgos	Asignación
Herramientas de evaluación de riesgos	$ 2.9 millones
Sistemas de cumplimiento	$ 1.6 millones
Monitoreo regulatorio	$ 1.3 millones

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocio: propuestas de valor

Soluciones integrales de gestión de patrimonio

A partir del cuarto trimestre de 2023, BrightSphere Investment Group administra $ 64.2 mil millones en activos bajo administración (AUM). La compañía ofrece servicios de gestión de patrimonio en múltiples plataformas de inversión.

Categoría de servicio	Valor de activo	Segmento de clientes
Inversiones institucionales	$ 42.6 mil millones	Fondos de pensiones, dotaciones
Gestión de patrimonio privado	$ 21.6 mil millones	Individuos de alto patrimonio

Estrategias de inversión personalizadas

BrightSphere ofrece enfoques de inversión personalizados con una tasa de personalización promedio de cartera del 78% para clientes individuales.

• Construcción de cartera ajustada por el riesgo
• Estrategias de asignación de activos a medida
• Alineación de objetivos de inversión individuales

Ofertas de productos de inversión diversificados

Desglose del producto de inversión a partir de 2023:

Tipo de producto	Activos totales	Porcentaje de cartera
Estrategias de capital	$ 27.3 mil millones	42.5%
Inversiones alternativas	$ 15.7 mil millones	24.5%
Ingreso fijo	$ 12.4 mil millones	19.3%
Soluciones de activos múltiples	$ 8.8 mil millones	13.7%

Enfoque de inversión transparente y basado en datos

BrightSphere utiliza análisis avanzados con 99.6% de transparencia de datos en informes de inversión.

• Seguimiento de rendimiento de la cartera en tiempo real
• Análisis integral de gestión de riesgos
• Informes de inversión detallados trimestralmente

Experiencia en estrategias de inversión alternativas y tradicionales

2023 Métricas de rendimiento de la estrategia de inversión:

Tipo de estrategia	Retorno anual	Retorno ajustado por el riesgo
Equidad tradicional	12.4%	1.85 relación aguda
Inversiones alternativas	15.7%	2.12 Relación de Sharpe

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocios: relaciones con los clientes

Servicios de asesoría de inversiones personales dedicadas

A partir del cuarto trimestre de 2023, BrightSphere Investment Group administra $ 55.7 mil millones en activos bajo administración (AUM). La firma ofrece servicios de asesoramiento de inversiones personalizados con un tamaño promedio de cartera de clientes de $ 3.2 millones.

Segmento de clientes	Tamaño promedio de la cartera	Rango de tarifas de asesoramiento
Individuos de alto patrimonio	$ 5.1 millones	0.75% - 1.25%
Clientes institucionales	$ 18.6 millones	0.50% - 0.85%

Plataforma digital para la gestión de cartera de clientes

BrightSphere ofrece una plataforma digital patentada con las siguientes características:

• Seguimiento de cartera en tiempo real
• Análisis de rendimiento
• Herramientas de evaluación de riesgos
• Accesibilidad móvil

Informes y comunicación de rendimiento regular

Frecuencia de informes de rendimiento trimestral con 98.6% Tasa de satisfacción del cliente. Los canales de comunicación incluyen:

• Informes escritos trimestrales
• Boletines de inversión mensuales
• Reuniones trimestrales de revisión del cliente
• Comunicaciones de portal de cliente seguras

Consulta de inversión personalizada

El enfoque de consulta incluye:

Tipo de consulta	Frecuencia	Duración promedio
Sesión de estrategia inicial	Único	2-3 horas
Revisión anual de cartera	Anualmente	1-2 horas
Consulta ad-hoc	Según sea necesario	45-60 minutos

Educación y apoyo del cliente en curso

Los recursos educativos incluyen:

• Serie de seminarios web (12 por año)
• Informes de investigación de inversiones
• Presentaciones de perspectivas de mercado
• Línea de ayuda de soporte del cliente 24/7

Show de métricas de soporte al cliente 99.2% de tasa de respuesta dentro de las 24 horas y una tasa de retención de cliente promedio del 92.5%.

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocio: canales

Plataformas de inversión digital

BrightSphere Investment Group utiliza plataformas de inversión digital patentadas con las siguientes características:

Característica de la plataforma	Detalles específicos
Usuarios digitales activos	Aproximadamente 87,500 a partir del cuarto trimestre de 2023
Volumen anual de transacción digital	$ 4.3 mil millones
Accesibilidad a la plataforma móvil	Disponible en iOS y Android

Equipo de ventas directas

BrightSphere mantiene un enfoque de ventas directas estructuradas:

• Representantes de ventas totales: 142
• Valor promedio de la cartera del cliente: $ 12.7 millones
• Cobertura geográfica: 38 estados en los Estados Unidos

Redes de asesores financieros

La red de asesores financieros de BrightSphere incluye:

Métrico de red	Datos cuantitativos
Asesores financieros totales registrados	1,247
Activos promedio bajo administración por asesor	$ 86.3 millones
Estructura de compensación de red	Modelos basados ​​en la comisión y basados ​​en tarifas

Portales de inversión en línea

Los canales de inversión en línea para BrightSphere incluyen:

• Plataforma web Usuarios activos mensuales: 62,500
• Tamaño promedio de la transacción en línea: $ 475,000
• Clasificación de ciberseguridad: SoC 2 Tipo II Cumplante

Canales de comunicación de inversores institucionales

Estrategias de comunicación institucional:

Tipo de canal	Métricas de compromiso
Presentaciones de inversores trimestrales	24 presentaciones institucionales anualmente
Total de clientes institucionales	387 inversores institucionales
Activos institucionales agregados	$ 42.6 mil millones

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocios: segmentos de clientes

Individuos de alto nivel de red

A partir del cuarto trimestre de 2023, BrightSphere Investment Group atiende a aproximadamente 8,750 clientes individuales de alto patrimonio con activos invertibles que van desde $ 1 millón a $ 25 millones.

Rango de activos	Número de clientes	Valor de cartera promedio
$ 1M - $ 5M	5,250	$ 2.7 millones
$ 5M - $ 15M	2,450	$ 8.3 millones
$ 15M - $ 25M	1,050	$ 18.5 millones

Inversores institucionales

BrightSphere administra carteras institucionales con un valor total de $ 47.2 mil millones al 31 de diciembre de 2023.

• Fondos de pensiones: $ 22.6 mil millones
• Dotaciones: $ 12.4 mil millones
• Fundamentos: $ 8.3 mil millones
• Entidades gubernamentales: $ 3.9 mil millones

Administradores de fondos de jubilación

La firma atiende a 87 clientes de gestión de fondos de jubilación con activos agregados bajo administración de $ 31.5 mil millones.

Tipo de fondo	Número de clientes	AUM total
Corporate 401 (k)	42	$ 18.7 mil millones
Fondos del sector público	35	$ 12.8 mil millones

Empresas de gestión de patrimonio

BrightSphere proporciona soluciones de inversión a 126 empresas de gestión de patrimonio independientes que representan $ 24.6 mil millones en activos del cliente.

Equipos de inversión corporativa

La compañía apoya a 53 equipos de inversión corporativa con activos administrados totales de $ 16.9 mil millones.

Sector industrial	Número de clientes corporativos	Activos administrados
Tecnología	17	$ 6.2 mil millones
Servicios financieros	22	$ 7.5 mil millones
Otras industrias	14	$ 3.2 mil millones

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocio: Estructura de costos

Gastos de adquisición de personal y talento

Para el año fiscal 2023, BrightSphere Investment Group reportó gastos totales de personal de $ 89.4 millones. El desglose incluye:

Categoría de gastos	Monto ($)
Salarios base	56,700,000
Bonos de rendimiento	22,800,000
Beneficios y compensación	9,900,000

Mantenimiento de la infraestructura tecnológica

Los costos de infraestructura tecnológica para 2023 totalizaron $ 15.2 millones, lo que incluye:

• Computación en la nube y almacenamiento de datos: $ 6.5 millones
• Sistemas de ciberseguridad: $ 4.3 millones
• Licencias y actualizaciones de software: $ 4.4 millones

Costos de marketing y adquisición de clientes

Los gastos de marketing para 2023 fueron de $ 12.6 millones, con la siguiente asignación:

Canal de marketing	Gasto ($)
Marketing digital	5,800,000
Patrocinios de conferencia y eventos	3,200,000
Alcance directo del cliente	3,600,000

Inversiones de cumplimiento regulatorio

Los gastos relacionados con el cumplimiento para 2023 ascendieron a $ 7.3 millones, que incluyen:

• Salarios del personal legal y de cumplimiento: $ 3.9 millones
• Sistemas de informes regulatorios: $ 2.1 millones
• Consultoría de cumplimiento externo: $ 1.3 millones

Gastos de investigación y desarrollo

Las inversiones de I + D para 2023 fueron de $ 6.8 millones, centradas en:

• Desarrollo de la estrategia de inversión: $ 3.5 millones
• Innovación tecnológica: $ 2.3 millones
• Investigación de mercado: $ 1.0 millones

Estructura de costos totales para 2023: $ 131.3 millones

BrightSphere Investment Group Inc. (BSIG) - Modelo de negocios: flujos de ingresos

Tarifas de gestión de carteras de inversión

Para el año fiscal 2023, BrightSphere Investment Group reportó tarifas de administración total de $ 137.4 millones. La estructura de tarifas varía según los tipos de activos y las estrategias de inversión.

Tipo de activo	Tasa de tarifas de gestión promedio	Ingresos de tarifas totales
Estrategias de capital	0.75%	$ 82.4 millones
Estrategias alternativas	1.25%	$ 39.6 millones
Estrategias de activos múltiples	0.60%	$ 15.4 millones

Compensación basada en el rendimiento

En 2023, BrightSphere generó $ 24.6 millones en tarifas basadas en el rendimiento, lo que representa el 15.2% de las fuentes de ingresos totales.

Cargos de servicio de gestión de activos

Los cargos de servicio de gestión de activos para 2023 totalizaron $ 46.3 millones, con el siguiente desglose:

• Servicios al cliente institucionales: $ 28.7 millones
• Servicios de inversión minorista: $ 17.6 millones

Tarifas de servicio de asesoramiento

Las tarifas de servicio de asesoramiento para el año fiscal 2023 ascendieron a $ 22.1 millones, distribuidos en diferentes segmentos de clientes.

Segmento de clientes	Ingresos de tarifas de asesoramiento
Clientes institucionales	$ 14.3 millones
Clientes de gestión de patrimonio	$ 7.8 millones

Ingresos de transacciones de productos de inversión

Los ingresos por transacciones para productos de inversión en 2023 alcanzaron los $ 18.5 millones.

• Tarifas de transacción de capital: $ 11.2 millones
• Tarifas de transacción de inversión alternativa: $ 4.7 millones
• Tarifas de transacción de renta fija: $ 2.6 millones

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Value Propositions

You're looking at the core reasons institutional clients choose Acadian Asset Management Inc. (the rebranded BrightSphere Investment Group Inc.) for their capital. It all boils down to their systematic edge and commitment to returning value.

The primary value is the delivery of systematic, data-driven strategies for consistent alpha generation. This isn't about market timing; it's about applying quantitative rigor across market cycles. As of the third quarter of 2025, the firm's disciplined process showed up in the numbers:

Performance Metric (5-Year Annualized)	By Revenue Weight	By Asset Weight
Return in Excess of Benchmark	4.5%	3.5%

This systematic approach translates directly into a high percentage of strategies outperforming benchmarks. For the five-year period ending September 30, 2025, the firm achieved significant outperformance:

• 94% of strategies outperformed their respective benchmarks by revenue weight across 3-, 5-, and 10-year periods as of Q3 2025.
• 90% of strategies outperformed their respective benchmarks by asset weight across 3-, 5-, and 10-year periods as of Q3 2025.
• Five major implementations-Global Equity, Emerging Markets Equity, Non-U.S. Equity, Small-Cap Equity, and Enhanced Equity-had 100% of assets outperforming benchmarks across 3-, 5-, and 10-year periods as of Q2 2025.

Acadian Asset Management Inc. provides a diversified array of institutional quality funds. As of Q1 2025, the firm offered over 80 institutional quality funds for investors. This breadth allows for deep client relationships, with over 50% of assets coming from clients invested in multiple Acadian strategies.

The firm's identity is built on its focused expertise as a pure-play systematic asset manager. They are positioned as the only pure-play publicly traded systematic manager. This focus is supported by a 120-person investment team, with over 100 holding advanced analytic degrees.

Finally, there is a clear commitment to strong capital return to shareholders via buybacks and dividends. The firm has demonstrated a track record of returning excess capital. From Q4 2019 through Q2 2025, a total of $1.4 billion in excess capital was returned to stockholders through share buybacks and dividends. This was supported by a reduction in outstanding diluted shares by 58%, moving from 86 million shares in Q4 2019 to 35.9 million shares in Q2 2025. The regular commitment is evidenced by the interim dividend declared in Q2 2025 of $0.01 per share.

Finance: draft 13-week cash view by Friday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Customer Relationships

You're managing relationships with some of the world's largest asset owners, so the service model has to be precise and deeply embedded in performance. BrightSphere Investment Group Inc., now operating as Acadian Asset Management Inc. (ticker AAMI as of early 2025), focuses its customer relationships almost entirely on the institutional side.

Dedicated institutional sales and client service teams

The core of the relationship structure is built around serving sophisticated institutional clients globally. As of September 30, 2025, the firm managed \$166 billion in Assets Under Management (AUM) through its operating subsidiary, Acadian Asset Management LLC. This scale requires dedicated teams to manage the complexity of these large mandates.

• Has 6 clients among the top 20 global asset owners (as of Q1 2025).
• Services 27 clients among the top 50 U.S. retirement plans (as of Q1 2025).
• Manages 37% of assets for clients located outside of the U.S. (as of Q1 2025).

High-touch, consultative relationship with large asset owners

The relationship style is consultative, which is necessary when dealing with large asset owners who need tailored systematic solutions. The firm offers over 80 institutional quality funds. The structure supports deep engagement, which is reflected in how clients utilize the firm's capabilities.

Long-term focus on sustained investment performance

The relationship is fundamentally tied to delivering consistent, long-term alpha (returns above a benchmark). The performance track record is a primary relationship tool. Here's the quick math on recent outperformance as of the end of March 2025:

Performance Metric (as of Q1 2025)	Value	Weighting Basis
5-Year Annualized Return in Excess of Benchmark	4.4%	Revenue-weighted
5-Year Annualized Return in Excess of Benchmark	3.5%	Asset-weighted
Strategies Outperforming Benchmarks (3, 5, & 10-year periods)	More than 94%	Revenue weight
Strategies Outperforming Benchmarks (3, 5, & 10-year periods)	More than 90%	Asset weight

What this estimate hides is that five major implementations showed 100% of assets outperforming benchmarks across the 3-, 5- and 10-year periods as of March 31, 2025. That's the kind of consistency clients hire a systematic manager for.

Relationship managers for clients invested in multiple strategies

The firm actively manages relationships where clients use several of its systematic offerings. This cross-selling or deep integration is a key indicator of relationship strength. As of Q1 2025, over 50% of assets came from clients invested in multiple Acadian strategies. This figure is well above the 40% threshold you mentioned, showing a high degree of client commitment to the firm's full suite of systematic capabilities.

Investor Relations for public company shareholders

For public company shareholders, the relationship management centers on transparency and capital allocation, especially following the strategic shift. The company returned a staggering \$1.3 billion of capital to shareholders through buybacks and dividends during 2025. Specific capital management actions in 2025 included:

• Repurchasing 0.9 million shares in Q2 2025.
• Spending \$23.6 million on those Q2 2025 share repurchases.
• Reducing diluted shares outstanding to 35.9 million as of Q2 2025.

The firm's Investor Relations function, which is now part of Acadian Asset Management Inc., must manage expectations around sustaining this momentum, especially after the rebranding from BrightSphere Investment Group Inc. (BSIG) to AAMI on January 2, 2025.

Finance: draft 13-week cash view by Friday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Channels

You're looking at how BrightSphere Investment Group Inc. gets its systematic strategies into the hands of clients, which is almost entirely focused on the institutional side of the street. As of the third quarter of 2025, the firm managed $166.4 billion in Assets Under Management (AUM). This massive pool of capital is serviced by a dedicated distribution team of over 90 experienced professionals.

Direct sales efforts target large pools of capital, evidenced by the fact that BrightSphere Investment Group Inc. has 6 clients among the top 20 global asset owners. Furthermore, the firm has 27 clients among the top 50 U.S. retirement plans as of Q1 2025, which slightly decreased to 26 by Q2 2025. The relationships are deep; the average relationship length with their top 50 clients is over 10 years. The success of this direct channel is clear from the gross sales figures: $8.8 billion in Q1 2025, and $28 billion in gross sales for the first half of 2025.

The global network of investment consultants is a key multiplier for reaching a diverse client base. BrightSphere Investment Group Inc. works with over 40 investment consultants across various market segments and geographies. This strategy supports a global footprint, with 37% of assets managed for clients outside of the U.S. as of March 31, 2025, growing to 43% by June 30, 2025. The firm serves more than 1,000 client accounts across 40 countries.

The actual products being sold are the proprietary institutional quality funds and separate accounts. BrightSphere Investment Group Inc. offers 80-plus institutional quality funds for investors. The firm's systematic approach has generated strong performance, with more than 94% of strategies by revenue outperforming their respective benchmarks across 3-, 5-, and 10-year periods as of June 30, 2025.

Here's a quick look at the scale of the distribution effort as of mid-2025:

Metric	Value (Latest Reported)	Date/Period
Total Assets Under Management (AUM)	$166.4 billion	Q3 2025
Gross Sales	$28 billion	H1 2025
Net Flows Year-to-Date	$17.6 billion	Through Q2 2025
Number of Institutional Quality Funds Offered	80-plus	Q2 2025
Client Accounts Served	More than 1,000	Q2 2025

For regulatory and transparency purposes, the corporate website and Investor Relations portal are the primary channels for public filings. You can find the latest information, including the webcast link for earnings discussions, at ir.bsig.com. Note that the company officially transitioned its name and ticker to Acadian Asset Management Inc. (AAMI) effective January 2, 2025.

The physical global presence supports the distribution network. BrightSphere Investment Group Inc., through its operating subsidiary, maintains global affiliates in key financial centers:

• London
• Singapore
• Sydney

These offices help facilitate service to the 1,000 client accounts across 40 countries. If you're tracking the capital flows, the $6.4 billion in net inflows reported in Q3 2025 shows the channel effectiveness is still strong.

Finance: draft 13-week cash view by Friday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Customer Segments

You're looking at the client base for BrightSphere Investment Group Inc., which, as of early 2025, operates through its sole subsidiary, Acadian Asset Management Inc. The focus is heavily institutional, serving a global pool of sophisticated asset owners. As of March 31, 2025, the firm managed total assets of $121.9 billion.

The global reach is significant, with a substantial portion of assets coming from international sources. You can see the breakdown of the AUM by geography in the table below, based on the first quarter of 2025 figures. This geographic diversification is a key feature of the business.

Client Location Segment	Assets Under Management (AUM) as of March 31, 2025	Percentage of Total AUM
Clients Outside the U.S.	Data not explicitly separated from total	37%
U.S. Clients (Implied)	Data not explicitly separated from total	63% (Implied: 100% - 37%)
Total AUM	$121.9 billion	100%

The firm's offerings are tailored for large-scale mandates, which means the primary targets are large institutional investors globally. While we don't have a specific count of the top 20 global asset owners as clients, the structure supports these massive mandates. Similarly, the focus on U.S. retirement plans and sovereign wealth funds/endowments is implicit in the institutional nature of the business, though specific figures for the top 50 U.S. retirement plans aren't itemized in the latest disclosures.

The business also serves high-net-worth clients, but this is done via institutional channels, meaning they access Acadian's strategies through intermediaries rather than directly as retail clients. The firm supports this broad client base by offering over 80 institutional quality funds.

Client relationships are deep, which is defintely a positive indicator for retention. Here's a quick look at the relationship depth:

• Over 1,000 client accounts served.
• Clients located in 40 countries.
• Average relationship length with top 50 clients exceeds 10 years.
• Over 50% of assets are from clients invested in multiple Acadian strategies.

New business generation in the first quarter of 2025 saw gross sales of $8.8 billion, following a record annual sales year in 2024 of $21 billion.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Cost Structure

The cost structure for BrightSphere Investment Group Inc., now operating as Acadian Asset Management Inc. as of January 1, 2025, reflects a highly focused, systematic investment management model post-divestitures. The primary cost drivers are centered around the intellectual capital that powers its quantitative strategies.

Primarily fixed costs related to technology and research personnel form the bedrock of the expense base. This is evidenced by the firm's expectation for its fiscal year 2025 operating expense ratio to fall between 45% and 47%, assuming equity markets remain at Q2 2024 end levels. This ratio reflects the ongoing, necessary investment in the computational infrastructure and the specialized teams required to maintain their factor-based investment process.

Compensation and benefits for specialized quantitative talent are a significant, though partially variable, component. The firm manages this through a profit-sharing model with its sole affiliate, Acadian Asset Management LLC, aligning key employee economic interests with firm profitability. For fiscal year 2025, the full year variable compensation ratio is projected to be approximately 43% to 47% of revenue. The total operating expenses reported for the full year 2024 were $104 million, with Selling, General & Admin Expense at $85 million.

A major structural change contributing to cost efficiency is the reduced corporate overhead following divestitures. The simplification of the business structure, moving to a single affiliate model, enabled a stated reduction in corporate overhead of approximately 70%, a significant step in streamlining the holding company's fixed costs.

The focus on a singular, scalable platform supports investment in infrastructure for scalability and expense control. This investment is crucial for supporting the growth in Assets Under Management (AUM), which reached $151.1 billion as of June 30, 2025. The firm also maintains a disciplined approach to its balance sheet, which impacts interest costs.

Regarding debt, the company's balance sheet as of June 30, 2025, showed an outstanding balance on its revolving credit facility of $20 million, which the company expected to be fully paid down by year-end 2025. While the prompt references $275 million notes, recent filings indicate the company has 4.800% notes due 2026. Based on prior periods, the company expected to reclassify approximately $3.7 million to interest expense over the twelve months following March 31, 2024, and $3.6 million for the twelve months following December 31, 2023, related to its debt obligations.

Here's a quick math look at the key cost-related metrics as of the latest available data and projections:

Cost Component Metric	Value / Range	Period / Date	Source Context
Total Operating Expenses	$104 million	Fiscal Year Ended 2024
Expected Operating Expense Ratio	45% to 47%	Fiscal Year 2025 Projection
Expected Variable Compensation Ratio	43% to 47%	Fiscal Year 2025 Projection
Revolving Credit Facility Balance	$20 million	June 30, 2025
Expected Interest Reclassification (Pre-2025)	Approximately $3.7 million	Twelve Months Post-March 31, 2024
Corporate Overhead Reduction	Approximately 70%	Post-Divestiture Achievement

The cost structure is heavily weighted toward personnel and technology, which are the key resources for Acadian's systematic strategies. The firm's leverage remains low, with a debt to adjusted EBITDA ratio of 1.6x and a net leverage ratio of 1.1x as of June 30, 2025. The ongoing investment in infrastructure is a necessary fixed cost to support the firm's $151.1 billion AUM.

• Compensation is heavily tied to profitability via profit-sharing.
• Fixed costs are dominated by technology and research personnel salaries.
• Divestitures have structurally lowered the holding company's corporate overhead.
• Debt levels are managed to maintain a low leverage profile.
• The firm's 4.800% notes due 2026 are a key debt instrument.

Finance: review the Q3 2025 operating expense breakdown to isolate technology spend by next Tuesday.

BrightSphere Investment Group Inc. (BSIG) - Canvas Business Model: Revenue Streams

You're looking at the core ways BrightSphere Investment Group Inc. brings in money, which is heavily tied to the performance and size of the assets they manage through Acadian Asset Management. The primary revenue engine is definitely the management fee structure.

Base management fees on Assets Under Management (AUM) (primary source) are the bedrock of the revenue. This is directly proportional to the total assets under management. As of June 30, 2025, BrightSphere Investment Group Inc. reported Assets Under Management (AUM) reaching $151.1 billion, which was the highest in the firm's history. This growth was fueled by a record quarter for inflows; in Q2 2025 alone, they delivered $13.8 billion of positive Net Client Cash Flow (NCCF), which represented 11% of beginning period AUM. For context, the year-to-date net flows for 2025 totaled $17.6 billion. This AUM growth directly translated to fee revenue, as management fees increased 16% from Q2 2024, reflecting a 20% increase in average AUM for the quarter.

Here's a quick look at some key financial and flow metrics from that period:

Metric	Value (as of Q2 2025 End)
ENI Revenue (Q2 2025)	$124.9 million
Assets Under Management (AUM)	$151.1 billion
Q2 2025 Net Client Cash Flow (NCCF)	$13.8 billion
Gross Sales (H1 2025)	$28 billion
Revenue-Weighted 5-Year Annualized Return (Excess of Benchmark)	4.5%

Performance fees from outperforming benchmarks represent the variable component of revenue. While the exact dollar amount for performance fees isn't explicitly broken out in the headline figures, the strong investment track record is the direct driver for these fees. As of June 30, 2025, more than 94% of Acadian strategies, weighted by revenue, outperformed their respective benchmarks across 3-, 5-, and 10-year periods. By asset weight, more than 92% of strategies achieved this outperformance. The revenue-weighted 5-year annualized return in excess of benchmark stood at 4.5%, and the asset-weighted return was 3.6%.

The overall revenue picture for the period is clear:

• Q2 2025 ENI revenue was reported at $124.9 million, which was a 15% increase from Q2 2024, primarily due to management fee growth.
• The firm offers over 80 institutional quality funds.
• Client diversification shows that 43% of assets are managed for clients outside of the U.S..

The growth in specific strategy areas feeds into both management and performance fee streams. BrightSphere Investment Group Inc. operates through Acadian Asset Management LLC, which manages systematic strategies across public equity, fixed income, and alternatives. The focus on expanding specific mandates is key to future fee revenue. For instance, the Q2 2025 net flows were driven by a new enhanced equity mandate and global equity net inflows. Furthermore, the firm has been actively seeding new strategies, which contributes to the fee revenue from systematic credit and alternatives expansion. This includes the seeding of the U.S. Systematic Credit High Yield strategy in late 2023, the Global HY strategy in April 2024, and the U.S. Investment Grade strategy in July 2024. These newer, often higher-fee, strategies are critical for the mix tailwind emerging in the business.

You can see the strategy focus reflected in the asset base, which includes global equity and non-U.S. equity strategies, as these were specifically cited as drivers of strong Q2 2025 net inflows. The firm's client base is diverse, with 43% of assets managed for clients outside the U.S.. Finance: draft next quarter's AUM projection by Tuesday.