Navigator Global Investments AUM reaches US$33.6B

• Navigator Global Investments posted a 6% quarter-on-quarter increase in ownership-adjusted assets under management to US$33.6 billion for the quarter ended June 30.
• Total firm-level assets across all partner businesses expanded 7% to US$104 billion.
• The growth was driven by net capital inflows and solid investment returns across direct hedge funds and strategic portfolios.

Navigator Global Investments (ASX:NGI) increased its ownership-adjusted assets under management by 6% to US$33.6 billion during the June quarter.

The asset manager expanded its funds under management by 21% compared to the prior corresponding period last year.

Navigator Global Investments noted that while geopolitical uncertainty created a complex market backdrop, allocator sentiment towards hedge fund strategies remained positive.

Lighthouse Partners achieved an 8% increase in assets to over US$690 million in net inflows during the period.

Following the announcement, the Navigator Global Investments share price was up at $2.48.

The business completed the acquisition of net revenue share interests in 17 alternative asset managers to form its NGI Stable Growth Portfolio.

The portfolio acquisition closed after the quarter ended and will be formally included in the firm's financial reporting from the first quarter of FY27.