Company:Acadian Asset Management

From HandWiki
Acadian Asset Management Inc.
TypePublic
IndustryInvestment Management
PredecessorAcadian Financial Research
Founded1986; 39 years ago (1986)
Founders
  • Gary Bergstrom
  • John Chisholm
  • Churchill Franklin
  • Ron Frashure
Headquarters260 Franklin Street, Boston, Massachusetts, U.S.
Key people
Kelly Young (CEO)
AUMUS$120 billion (September 2024)
Number of employees
330 (March 2023)
Websitewww.acadian-asset.com
Footnotes / references
[1][2]

Acadian Asset Management (or simply Acadian) is an American investment management company headquartered in Boston with additional offices in London, Singapore and Sydney.[1] The company is noted for its usage of Quantitative analysis and strategies when making investment decisions.[1][3][4][5][6]

Background

The company's predecessor, Acadian Financial Research, was founded in 1977 by Gary Bergstrom.[1][7] It managed investment strategies for the State Street Corporation.[1] In 1986, Acadian Asset Management was founded by Bergstrom, John Chisholm, Churchill Franklin, Ron Frashure to manage assets independently.[1][8] The company's name comes from the region, Acadia.[9]

Acadian is an active manager and relies on fields such as artificial intelligence and data science to supplement its decision making process.[1][3][4][5][6][10]

In 1992, Acadian was acquired by United Asset Management.[11] In 2000, Acadian became a subsidiary of Old Mutual Asset Management (OMAN) after Old Mutual acquired United Asset Management.[7][9][12]

In 2009, Acadian laid off 8% of its workforce due to volatile market conditions related to the 2008 financial crisis.[13]

On October 15, 2014, OMAN held an initial public offering on the New York Stock Exchange.[14]

In March 2017, Acadian partnered with Microsoft to use its Bing predicts big data technology to support its investment decision making process.[15] However only several months later, it ended its partnership stating it had not found a way to turn social media data into useful signals for investments.[16]

In 2018, the direct parent of Acadian, Old Mutual Asset Management separated from Old Mutual and was rebranded to BrightSphere Investment Group.[2][17]

On January 1, 2025, BrightSphere Investment Group rebranded to Acadian Asset Management Inc.[18]

References

  1. ↑ 1.0 1.1 1.2 1.3 1.4 1.5 1.6 "A Closer Look at Acadian Asset Management" (in en). https://www.investopedia.com/articles/investing/031416/acadian-asset-management-investment-manager-highlight-stt.asp. 
  2. ↑ 2.0 2.1 "Form ADV". https://reports.adviserinfo.sec.gov/reports/ADV/106609/PDF/106609.pdf. 
  3. ↑ 3.0 3.1 "Acadian Asset Management: A Strong Performer" (in en-US). July 31, 2015. http://finance.yahoo.com/news/acadian-asset-management-strong-performer-212109494.html. 
  4. ↑ 4.0 4.1 Asmundsson, Jon (August 11, 2015). "Profiting From Investor 'Mistakes'" (in en). Bloomberg.com. https://www.bloomberg.com/news/articles/2015-08-11/acadian-quant-shop-tops-indexes-with-factor-based-investing-. 
  5. ↑ 5.0 5.1 "Quants Say They Can Make Investing More Sustainable" (in en). Bloomberg.com. January 22, 2020. https://www.bloomberg.com/news/articles/2020-01-22/quants-say-they-can-make-investing-more-sustainable. 
  6. ↑ 6.0 6.1 "How AI Will Invade Every Corner of Wall Street" (in en). Bloomberg.com. December 5, 2017. https://www.bloomberg.com/news/features/2017-12-05/how-ai-will-invade-every-corner-of-wall-street. 
  7. ↑ 7.0 7.1 "Self-Styled Transparent Quant Fund Starts Operating in Japan" (in en). Bloomberg.com. January 15, 2015. https://www.bloomberg.com/news/articles/2015-01-15/self-styled-transparent-quant-fund-heads-to-japan-for-smart-beta. 
  8. ↑ "John Chisholm to Retire as Co-CEO | Acadian News" (in en). June 4, 2021. https://www.acadian-asset.com/about-us/news/john-chisholm-to-retire-as-co-ceo-of-acadian-asset-management. 
  9. ↑ 9.0 9.1 "Acadian Asset Management outlines European business development plans" (in en). January 6, 2015. https://www.internationalinvestment.net/internationalinvestment/news/3500741/acadian-asset-management-outlines-european-business-development-plans. 
  10. ↑ Vaughan, Liam (December 21, 2021). "A Quant Investor Uses A.I. to Track Down Corporate Greenwashing". https://www.bloomberg.com/news/articles/2021-12-21/this-investor-uses-ai-to-see-if-business-executives-talk-truth-on-sustainability. 
  11. ↑ "United Asset Management reports earnings for Qtr to Sept 30" (in en-US). The New York Times. November 6, 1992. ISSN 0362-4331. https://www.nytimes.com/1992/11/06/business/united-asset-management-reports-earnings-for-qtr-to-sept-30.html. 
  12. ↑ "Old Mutual extends US reach with $2bn UAM acquisition - Business News - Business - The Independent". November 4, 2012. http://www.independent.co.uk/news/business/news/old-mutual-extends-us-reach-with-2bn-uam-acquisition-713116.html. 
  13. ↑ York, Stephanie Baum in New. "Acadian Asset Management lays off 8% of staff" (in en-GB). https://www.fnlondon.com/articles/acadian-asset-management-lays-off-of-staff-2-20090403. 
  14. ↑ Bray, Chad (2014-10-09). "Old Mutual's Asset Management Arm I.P.O. Priced Low at $14 a Share" (in en). https://archive.nytimes.com/dealbook.nytimes.com/2014/10/09/old-mutuals-asset-management-arm-i-p-o-priced-low-at-14-a-share/. 
  15. ↑ Foxman, Simone (March 7, 2017). "Acadian to Use Microsoft's Big Data Technology to Help Make Bets". https://www.bloomberg.com/news/articles/2017-03-07/acadian-to-use-microsoft-s-big-data-technology-to-help-make-bets. 
  16. ↑ "Acadian ends social media data partnership with Microsoft Bing" (in en). September 27, 2017. https://www.risk.net/node/5336356. 
  17. ↑ "Old Mutual Plots Course That Will Split 173-Year-Old Business" (in en). Bloomberg.com. April 20, 2018. https://www.bloomberg.com/news/articles/2018-04-20/old-mutual-plots-course-that-will-split-173-year-old-business. 
  18. ↑ "BrightSphere Investment Group Inc. will Change its Name to Acadian Asset Management Inc" (in en-US). 2025-01-01. https://www.marketscreener.com/quote/stock/BRIGHTSPHERE-INVESTMENT-G-61956573/news/BrightSphere-Investment-Group-Inc-will-Change-its-Name-to-Acadian-Asset-Management-Inc-48669846/. 



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