Acadian Asset Management Explained

Acadian Asset Management LLC
Type:Subsidiary
Industry:Investment Management
Predecessor:Acadian Financial Research
Location:260 Franklin Street, Boston, Massachusetts, U.S.
Num Locations:4 offices
Key People:Ross Dowd (CEO)
Aum:US$100 billion (June 2023)
Num Employees:330 (March 2023)
Parent:BrightSphere Investment Group
Footnotes:[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. The firm is noted for its usage of Quantitative analysis and strategies when making investment decisions.[3] [4] [5] [6]

Background

The firm's predecessor, Acadian Financial Research, was founded in 1977 by Gary Bergstrom.[7] It managed investment strategies for the State Street Corporation. In 1986, Acadian Asset Management was founded by Bergstrom, John Chisholm, Churchill Franklin, Ron Frashure to manage assets independently.[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.[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.[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.[16]

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

Notes and References

  1. Web site: A Closer Look at Acadian Asset Management . Investopedia . en . November 19, 2022 . November 19, 2022 . https://web.archive.org/web/20221119083212/https://www.investopedia.com/articles/investing/031416/acadian-asset-management-investment-manager-highlight-stt.asp . live .
  2. Web site: Form ADV . SEC . November 24, 2022 . November 24, 2022 . https://web.archive.org/web/20221124103156/https://reports.adviserinfo.sec.gov/reports/ADV/106609/PDF/106609.pdf . live .
  3. Web site: Acadian Asset Management: A Strong Performer . November 19, 2022 . finance.yahoo.com . July 31, 2015 . en-US . November 19, 2022 . https://web.archive.org/web/20221119083936/https://finance.yahoo.com/news/acadian-asset-management-strong-performer-212109494.html . live .
  4. News: Asmundsson . Jon . August 11, 2015 . Profiting From Investor 'Mistakes' . en . Bloomberg.com . November 21, 2022 . October 2, 2020 . https://web.archive.org/web/20201002013312/https://www.bloomberg.com/news/articles/2015-08-11/acadian-quant-shop-tops-indexes-with-factor-based-investing- . live .
  5. News: January 22, 2020 . Quants Say They Can Make Investing More Sustainable . en . Bloomberg.com . November 21, 2022 . December 5, 2020 . https://web.archive.org/web/20201205010324/https://www.bloomberg.com/news/articles/2020-01-22/quants-say-they-can-make-investing-more-sustainable . live .
  6. News: December 5, 2017 . How AI Will Invade Every Corner of Wall Street . en . Bloomberg.com . November 21, 2022 . August 12, 2022 . https://web.archive.org/web/20220812234146/https://www.bloomberg.com/news/features/2017-12-05/how-ai-will-invade-every-corner-of-wall-street . live .
  7. News: January 15, 2015 . Self-Styled Transparent Quant Fund Starts Operating in Japan . en . Bloomberg.com . November 21, 2022 . November 30, 2022 . https://web.archive.org/web/20221130115922/https://www.bloomberg.com/news/articles/2015-01-15/self-styled-transparent-quant-fund-heads-to-japan-for-smart-beta . live .
  8. Web site: John Chisholm to Retire as Co-CEO Acadian News . November 19, 2022 . www.acadian-asset.com . June 4, 2021 . en . November 19, 2022 . https://web.archive.org/web/20221119085320/https://www.acadian-asset.com/about-us/news/john-chisholm-to-retire-as-co-ceo-of-acadian-asset-management . live .
  9. Web site: January 6, 2015 . Acadian Asset Management outlines European business development plans . November 19, 2022 . InternationalInvestment . en . August 7, 2020 . https://web.archive.org/web/20200807032616/https://www.internationalinvestment.net/internationalinvestment/news/3500741/acadian-asset-management-outlines-european-business-development-plans . live .
  10. Web site: Vaughan . Liam . December 21, 2021 . A Quant Investor Uses A.I. to Track Down Corporate Greenwashing . November 19, 2022 . www.bloomberg.com . December 23, 2021 . https://web.archive.org/web/20211223164249/https://www.bloomberg.com/news/articles/2021-12-21/this-investor-uses-ai-to-see-if-business-executives-talk-truth-on-sustainability . live .
  11. News: November 6, 1992 . United Asset Management reports earnings for Qtr to Sept 30 . en-US . The New York Times . November 19, 2022 . 0362-4331 . August 21, 2023 . https://web.archive.org/web/20230821120359/https://www.nytimes.com/1992/11/06/business/united-asset-management-reports-earnings-for-qtr-to-sept-30.html . live .
  12. Web site: November 4, 2012 . Old Mutual extends US reach with $2bn UAM acquisition - Business News - Business - The Independent . https://web.archive.org/web/20121104113150/http://www.independent.co.uk/news/business/news/old-mutual-extends-us-reach-with-2bn-uam-acquisition-713116.html . November 4, 2012 . November 19, 2022 . Independent.co.uk.
  13. Web site: York . Stephanie Baum in New . Acadian Asset Management lays off 8% of staff . November 19, 2022 . www.fnlondon.com . en-GB . November 19, 2022 . https://web.archive.org/web/20221119085629/https://www.fnlondon.com/articles/acadian-asset-management-lays-off-of-staff-2-20090403 . live .
  14. Web site: Foxman . Simone . March 7, 2017 . Acadian to Use Microsoft's Big Data Technology to Help Make Bets . November 19, 2022 . www.bloomberg.com . November 21, 2023 . https://web.archive.org/web/20231121075644/https://www.bloomberg.com/news/articles/2017-03-07/acadian-to-use-microsoft-s-big-data-technology-to-help-make-bets . live .
  15. Web site: September 27, 2017 . Acadian ends social media data partnership with Microsoft Bing . November 19, 2022 . Risk.net . en . March 16, 2024 . https://web.archive.org/web/20240316033155/https://www.risk.net/asset-management/5336356/acadian-ends-social-media-data-partnership-with-microsoft-bing . live .
  16. News: April 20, 2018 . Old Mutual Plots Course That Will Split 173-Year-Old Business . en . Bloomberg.com . November 24, 2022 . April 21, 2018 . https://web.archive.org/web/20180421001222/https://www.bloomberg.com/news/articles/2018-04-20/old-mutual-plots-course-that-will-split-173-year-old-business . live .
  17. Web site: Lin . Ed . One Market-Beating Quant Firm Was Buying Facebook Last Quarter . November 21, 2022 . www.barrons.com . en-US . November 21, 2022 . https://web.archive.org/web/20221121121450/https://www.barrons.com/articles/one-market-beating-quant-firm-was-buying-facebook-last-quarter-1532691001 . live .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Acadian Asset Management".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.