AlTi Global, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
May 10, 2024 at 04:23 pm EDT
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AlTi Global, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported revenue was USD 50.81 million compared to USD 58.05 million a year ago. Net income was USD 29.35 million compared to net loss of USD 68.74 million a year ago.
Basic earnings per share from continuing operations was USD 0.38 compared to basic loss per share from continuing operations of USD 1.19 a year ago. Diluted earnings per share from continuing operations was USD 0.18 compared to diluted loss per share from continuing operations of USD 1.19 a year ago.
AlTi Global, Inc. is an independent global wealth and alternatives manager providing entrepreneurs, multi-generational families, institutions, and emerging leaders with fiduciary capabilities as well as alternative investment strategies and advisory services. It operates through two segments: Wealth Management and Strategic Alternatives. Within its Wealth Management segment, services provided principally consist of investment management and advisory services, trusts and administrative services, and family office services. The wealth management client base includes high net worth individuals, families, single family offices, foundations, and endowments globally. In its Strategic Alternatives segment, it assists its investors with alternative investments and co-investments by providing access to differentiated opportunities in these areas as well as structuring and selecting partners with a proven track record in alternative asset classes, with risk-adjusted return characteristics.