CA - AGF Management Limited (AGFMF) Q1 2024 Earnings Call Transcript

2024-04-04 17:23:10 ET

AGF Management Limited (AGFMF)

Q1 2024 Earnings Conference Call

April 04, 2024 11:00 AM ET

Company Participants

Kevin McCreadie - Chief Executive Officer and Chief Investment Officer

Ken Tsang - Chief Financial Officer

Judy G. Goldring - President and Head of Global Distribution

Ash Lawrence - Head of AGF Capital Partners

Conference Call Participants

Gary Ho - Desjardins Capital

Nik Priebe - CIBC Capital Markets

Graham Ryding - TD Securities

Tom MacKinnon - BMO Capital Markets

Presentation

Operator

Thank you for standing by, and welcome to the Q1 2024 AGF Management Limited Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] As a reminder, this call is being recorded.

I would now like to introduce your host for today’s conference call. Mr. Tsang, you may begin.

Ken Tsang

Thank you, operator, and good morning, everyone. I’m Ken Tsang, Chief Financial Officer of AGF Management Limited.

Today, we will be discussing the financial results for the first quarter of fiscal 2024. Slides supporting today’s call and webcast can be found in the Investor Relations section of agf.com. Also speaking on the call today will be Kevin McCreadie, Chief Executive Officer and Chief Investment Officer. For the Q&A period following the presentation, Judy Goldring, President and Head of Global Distribution; and Ash Lawrence, Head of AGF Capital Partners will also be available to address questions.

Turning to Slide 4, I’ll provide the agenda for today’s call. We will discuss highlights of the first quarter results for 2024, provide an update on our business, review our financial results, discuss our capital and liquidity position, and finally, close by summarizing the key investment highlights for AGF. After the prepared remarks, we will be happy to have questions taken.

With that, I will now turn the call over to, Kevin.

Kevin McCreadie

Thank you, Ken, and thank you, everyone, for joining us today. At the end of the first quarter, our AUM and fee-earning assets reached $45 billion, up 7% from a year ago. Adjusted diluted EPS was $0.51 in the quarter, up 89% year-over-year....

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