Jay Jackson: Q1 Revenue $59.4M, AUM Reaches $3.6B
Reports Q1 revenue $59.4M, consensus $65.47M. Jay Jackson, CEO, commented, "This quarter, the results reflect both the execution of our platform and the moment this asset class is having. Gross AUM reached approximately $3.6B on $378M of gross capital inflows, longevity income fund AUM has grown nearly 4x year-over-year approaching $1B, and we deployed $163.6M in origination capital. At the same time, we returned 100% of investor capital in our LMA Income II Fund at term, on time, as promised, with two-thirds of those investors choosing to recommit or extend their investment. That is not a capital return event. That is a validation. Our assets are mortality-driven, structurally uncorrelated to credit and equity cycles, and in this macro environment, that distinction is driving institutional demand. We increased our 2026 guidance, and our strategic initiatives including our investment in Manning & Napier and a second securitization are advancing on schedule. Quarter after quarter, we do what we say we will do."
Trade with 70% Backtested Accuracy
Analyst Views on ABX
About ABX
About the author

- Significant Transaction Growth: In 2025, Dynasty Investment Bank completed 15 transactions across sell-side, buy-side, recruitment, and strategic advisory, managing a total of $162 billion in assets, a substantial increase from $14.6 billion in 2024, highlighting its strong growth momentum in the independent RIA market.
- Rising Market Demand: The total number of RIA transactions exceeded 300 in 2025, driven in part by over 100,000 advisors expected to exit the industry over the next decade, many lacking clear succession plans, making M&A a primary tool for addressing retirement and succession challenges.
- New Initiatives Launched: To celebrate its third anniversary, Dynasty Investment Bank launched

- Guidance Increase: Abacus Global Management raised its 2026 adjusted net income guidance from $96 million-$104 million to $100 million-$106 million, reflecting significant improvements in fundraising and policy review speed, which are expected to enhance shareholder returns and market confidence.
- Strong Fundraising: The company successfully raised $288 million in Q1, an increase from $275 million in the previous quarter, while reviewing nearly 9,000 qualified policies, indicating robust market demand and the company's competitive position in the industry.
- Cash Flow Improvement: Operating cash flow reached $91.7 million in Q1, a significant recovery from a negative $61.6 million in the same quarter last year, demonstrating successful financial management and operational efficiency, which strengthens future investment and expansion capabilities.
- Strategic Development Outlook: Management expects Q2 adjusted net income to be between $24 million and $26 million, with plans for a second significant securitization in late Q2 or early Q3, showcasing the company's proactive approach to market expansion and product promotion.
- JPMorgan Target Price Adjustment: JPMorgan has reduced its target price for Barrick Mining from $66 to $58.
- Market Impact: This adjustment reflects changes in market conditions and expectations for Barrick Mining's performance.

Extension Requested: A request has been made for an extension until 2027 to comply with certain regulations.
Citing Constraints: The request cites listing-related constraints as the reason for the extension.
- Price Increase Announcement: Barrick Mining has raised its target price for shares of Bernstein from $62.5 to $66.
- Market Impact: This adjustment reflects a positive outlook on Barrick Mining's performance and potential growth in the market.









