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Company News Summary

Navigator Global Investments Provides Business and Earnings Update

09 Jan 2019  |  09:26:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Business and earnings update

Navigator Global Investments provided business and earnings update. For the December 2018 quarter, global equity markets as measured by MSCI World were down 12.7% and US High Yield was down 4.4%. Hedge fund performance as measured by HFRX Global and HFRX Equity Hedge Indices were down 8.6%and 5.6%, respectively. In comparison, its Diversified strategy was down 3.7%, whilst its Global Long Short strategy was down 8.5%. Management fee revenue for FY 2019 H2 is likely to see a drop of 10% compared to FY 2019 H1, and performance fee revenue for FY 2019 is likely to be nominal.

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