The company delivers customized and multi-asset solutions across public and private market asset classes to institutional, financial intermediary and private wealth clients across North America, Europe and key markets in Asia and the Middle East. In Q4 2025, the company reported year-over-year growth in Adjusted EBITDA and margins, aided by effective cost containment initiatives with SG&A expenses declining by 7% from the prior year quarter.
Cyborg Score Rationale
AUM decreased by $2.8 billion or 1.7% in Q4 2025 due to negative net contributions of $3.5 billion, partly offset by favorable market impact of $0.7 billion. While the company shows operational improvements through cost management, it faces AUM headwinds and elevated debt levels requiring active management.
Top Insights
SG&A expenses declined by 7% year-over-year in Q4 2025, demonstrating effective cost containment initiatives
The company reduced total debt during Q4 2025, lowering its net debt ratio to 3.4x from 3.5x in the prior quarter
Negative net contributions of $3.5 billion in Q4 2025 were partially offset by favorable market impact
The Board declared a quarterly dividend of $0.108 per share, payable on April 9, 2026
Named Competitors
Asset Management — Global asset management diversified across infrastructure, renewable energy and real assets