Barita Investments put up its strongest fourth-quarter performance ever, raking in $3 billion in revenue and nearly $1 billion in profit- a 200% increase compared to the same period last year.
Speaking on Taking Stock with Kalilah Reynolds, the company’s CEO Ramon Small-Ferguson said the performance highlights how the company's strategy has evolved throughout the year.
“This year, we focused heavily on revenue diversification,” he explained.
“We saw a resurgence in traditional revenue sources like net interest income, which grew by 11% over the year, and trading revenue, which improved significantly after being lackluster in 2023.”
According to Small-Ferguson, Barita employed a “market-neutral strategy,” allowing them to invest wisely regardless of market ups and downs.
“Markets were up, down, left, right, and center, but we positioned our portfolio to benefit in every instance, and that worked out pretty well,” he said.
The company also saw impressive results from its various business lines. Its fixed-income investments and equity portfolio combined brought in over $5 billion, a sharp improvement from the previous year. Additionally, the investment banking division delivered more than $1 billion in revenue, up from $600 million in 2023.
Small-Ferguson also pointed out that changes in monetary policy played a big role in boosting investor confidence.
“We saw interest rates going down. That shift, along with improved investor sentiment, drove greater investment activity.”
For the full year, Barita achieved record revenues of $10 billion and profits of $3.9 billion, solidifying its position as a leader in the financial sector.