Navigator Global Investments AUM close at $16.7 billion

Company News

by Rachael Jones

Navigator Global Investments (ASX:NGI) 2018 financial year saw Assets Under Management close at $16.7 billion, a $7.2 billion increase on the prior year.

This was driven by a $1.8 billion increase from the existing Lighthouse business, a core operating subsidiary of the Group, as well as an additional $5.4 billion which transitioned on 1 July 2018 from Mesirow Advanced Strategies.

EBITDA was up 15 per cent to US$34.2 million for the same corresponding period.

Stable management was listed as a strength in helping customers get a better hedge fund experience. 

Navigator Global Investments (ASX:NGI) closed 3.43 per cent higher to $5.73 yesterday.

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