Navigator Global Investments AUM close at $16.7 billion | Finance News Network

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.

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.