Acadian Asset Management

Acadian Asset Management (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]

Acadian Asset Management LLC
TypeSubsidiary
IndustryInvestment Management
Founded1986 (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]

Background

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
  1. "A Closer Look at Acadian Asset Management". Investopedia.
  2. "Form ADV" (PDF). SEC. Retrieved 24 November 2022.
  3. "Acadian Asset Management: A Strong Performer". finance.yahoo.com. Retrieved 2022-11-19.
  4. Asmundsson, Jon (2015-08-11). "Profiting From Investor 'Mistakes'". Bloomberg.com. Retrieved 2022-11-21.
  5. "Quants Say They Can Make Investing More Sustainable". Bloomberg.com. 2020-01-22. Retrieved 2022-11-21.
  6. "How AI Will Invade Every Corner of Wall Street". Bloomberg.com. 2017-12-05. Retrieved 2022-11-21.
  7. "Self-Styled Transparent Quant Fund Starts Operating in Japan". Bloomberg.com. 2015-01-15. Retrieved 2022-11-21.
  8. "John Chisholm to Retire as Co-CEO | Acadian News". www.acadian-asset.com. Retrieved 2022-11-19.
  9. "Acadian Asset Management outlines European business development plans". InternationalInvestment. 2015-01-06. Retrieved 2022-11-19.
  10. Vaughan, Liam (December 21, 2021). "A Quant Investor Uses A.I. to Track Down Corporate Greenwashing". www.bloomberg.com. Retrieved 2022-11-19.
  11. "United Asset Management reports earnings for Qtr to Sept 30". The New York Times. 1992-11-06. ISSN 0362-4331. Retrieved 2022-11-19.
  12. "Old Mutual extends US reach with $2bn UAM acquisition - Business News - Business - The Independent". Independent.co.uk. 2012-11-04. Archived from the original on 2012-11-04. Retrieved 2022-11-19.
  13. York, Stephanie Baum in New. "Acadian Asset Management lays off 8% of staff". www.fnlondon.com. Retrieved 2022-11-19.
  14. Foxman, Simone (March 7, 2017). "Acadian to Use Microsoft's Big Data Technology to Help Make Bets". www.bloomberg.com. Retrieved 2022-11-19.
  15. "Acadian ends social media data partnership with Microsoft Bing". Risk.net. 2017-09-27. Retrieved 2022-11-19.
  16. "Old Mutual Plots Course That Will Split 173-Year-Old Business". Bloomberg.com. 2018-04-20. Retrieved 2022-11-24.
  17. Lin, Ed. "One Market-Beating Quant Firm Was Buying Facebook Last Quarter". www.barrons.com. Retrieved 2022-11-21.
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