Navigator Global Investments’ assets under management up 6% in June quarter
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The news: Navigator Global Investments (NGI) ownership adjusted assets under management (AUM) lifted 6% to USD33.6 billion ($49 billion) in the June quarter as the fund told the exchange that “ongoing geopolitical uncertainty, interest rate volatility and changing market conditions” is creating opportunities for its alternative investment strategies.
The numbers: Over the last 12 months, ownership-adjusted AUM was up 21% due to investment performance and net inflows across the portfolio. Total NGI firm level AUM increased 7% to USD104 billion in the June quarter and is up 29% over FY26.
NGI’s Lighthouse Partners’ AUM increased by 8% to more than USD20 billion in the June quarter on higher total fee yielding direct Hedge Fund AUM up 11%, to USD5.8 billion, and net inflows of USD690 million.
Meanwhile, NGI Strategic AUM lifted 3% to more than USD13 billion. Portfolio AUM lifted 5% to USD10 billion on net inflows and investment performance while private markets’ AUM fell 3% as did several partner firms.
The context: NGI said allocator “sentiment toward hedge funds continues to be positive” as fundraising conditions remain subdued for private market strategies helping attract capital inflows.
Looking ahead to FY27, NGI said it continues to see demand from institutional investors for exposure to alternative asset classes and strategies offered by NGI’s partner firms.
The source: ASX
