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Acadian Asset Management

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Acadian Asset Management LLC
Company typeSubsidiary
IndustryInvestment Management
PredecessorAcadian Financial Research
Founded1986; 38 years ago (1986)
Founders
  • Gary Bergstrom
  • John Chisholm
  • Churchill Franklin
  • Ron Frashure
Headquarters260 Franklin Street, Boston, Massachusetts, U.S.
Number of locations
4 offices
Key people
Ross Dowd (CEO)
AUMUS$100 billion (June 2023)
Number of employees
330 (March 2023)
ParentBrightSphere Investment Group
Websitewww.acadian-asset.com
Footnotes / references
[1][2]

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

Background

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The firm'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 firm'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 after Old Mutual acquired United Asset Management.[9][7][12]

In 2009, Acadian laid off 8% of its workforce due to volatile market conditions related to the Financial crisis of 2007–2008.[13]

In March 2017, Acadian partnered with Microsoft to use its Bing predicts big data technology to support its investment decision making process.[14] 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.[15]

In 2018, the direct parent of Acadian, Old Mutual Asset Management separated from Old Mutual and was rebranded to BrightSphere Investment Group.[2][16]

Acadian claims to be the first quantitative fund to sign the Principles for Responsible Investment in 2009.[17]

References

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  1. ^ a b c d e f g "A Closer Look at Acadian Asset Management". Investopedia. Archived from the original on November 19, 2022. Retrieved November 19, 2022.
  2. ^ a b "Form ADV" (PDF). SEC. Archived (PDF) from the original on November 24, 2022. Retrieved November 24, 2022.
  3. ^ a b "Acadian Asset Management: A Strong Performer". finance.yahoo.com. July 31, 2015. Archived from the original on November 19, 2022. Retrieved November 19, 2022.
  4. ^ a b Asmundsson, Jon (August 11, 2015). "Profiting From Investor 'Mistakes'". Bloomberg.com. Archived from the original on October 2, 2020. Retrieved November 21, 2022.
  5. ^ a b "Quants Say They Can Make Investing More Sustainable". Bloomberg.com. January 22, 2020. Archived from the original on December 5, 2020. Retrieved November 21, 2022.
  6. ^ a b "How AI Will Invade Every Corner of Wall Street". Bloomberg.com. December 5, 2017. Archived from the original on August 12, 2022. Retrieved November 21, 2022.
  7. ^ a b "Self-Styled Transparent Quant Fund Starts Operating in Japan". Bloomberg.com. January 15, 2015. Archived from the original on November 30, 2022. Retrieved November 21, 2022.
  8. ^ "John Chisholm to Retire as Co-CEO | Acadian News". www.acadian-asset.com. June 4, 2021. Archived from the original on November 19, 2022. Retrieved November 19, 2022.
  9. ^ a b "Acadian Asset Management outlines European business development plans". InternationalInvestment. January 6, 2015. Archived from the original on August 7, 2020. Retrieved November 19, 2022.
  10. ^ Vaughan, Liam (December 21, 2021). "A Quant Investor Uses A.I. to Track Down Corporate Greenwashing". www.bloomberg.com. Archived from the original on December 23, 2021. Retrieved November 19, 2022.
  11. ^ "United Asset Management reports earnings for Qtr to Sept 30". The New York Times. November 6, 1992. ISSN 0362-4331. Archived from the original on August 21, 2023. Retrieved November 19, 2022.
  12. ^ "Old Mutual extends US reach with $2bn UAM acquisition - Business News - Business - The Independent". Independent.co.uk. November 4, 2012. Archived from the original on November 4, 2012. Retrieved November 19, 2022.
  13. ^ York, Stephanie Baum in New. "Acadian Asset Management lays off 8% of staff". www.fnlondon.com. Archived from the original on November 19, 2022. Retrieved November 19, 2022.
  14. ^ Foxman, Simone (March 7, 2017). "Acadian to Use Microsoft's Big Data Technology to Help Make Bets". www.bloomberg.com. Archived from the original on November 21, 2023. Retrieved November 19, 2022.
  15. ^ "Acadian ends social media data partnership with Microsoft Bing". Risk.net. September 27, 2017. Archived from the original on March 16, 2024. Retrieved November 19, 2022.
  16. ^ "Old Mutual Plots Course That Will Split 173-Year-Old Business". Bloomberg.com. April 20, 2018. Archived from the original on April 21, 2018. Retrieved November 24, 2022.
  17. ^ Lin, Ed. "One Market-Beating Quant Firm Was Buying Facebook Last Quarter". www.barrons.com. Archived from the original on November 21, 2022. Retrieved November 21, 2022.
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