Acadian Asset Management Inc.
Business
Acadian Asset Management Inc. operates a systematic investment management business through its majority-owned subsidiary, Acadian Asset Management LLC, providing data-driven investment solutions to institutional clients. It offers systematic equity, credit and alternative strategies across global, emerging market, international and small-cap universes, as well as commingled funds and separate accounts. The firm’s primary reportable segment is Quant & Solutions, reflecting its research-led, technology-driven investment and portfolio construction capabilities. Distribution focuses on institutional, sub-advisory and other channels, serving clients across roughly 40 countries via separate accounts, pooled funds and sub-advisory relationships.
Summary from filing dated 2025-02-27
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Total revenue | 564 | 506 | 427 | 417 | — | |
| Total operating expenses | 432 | 370 | 321 | 249 | 378 | |
| Operating income | 132 | 136 | 106 | 168 | 146 | |
| Investment income (loss) | −100,000 | 2 | −100,000 | −200,000 | 8 | |
| Interest income | 4 | 4 | 6 | — | — | |
| Interest expense | −22 | −19 | −20 | — | — | |
| Loss on extinguishment of debt | −1 | 0 | 0 | −3 | — | |
| Total non-operating income (loss) | 11 | −10 | −10 | −23 | 32 | |
| Income before income taxes | 143 | 126 | 97 | 145 | 178 | |
| Income tax expense | 37 | 39 | 29 | 44 | 50 | |
| Net income | 107 | 87 | 67 | 101 | 896 | |
| Net income attributable to redeemable non-controlling interests in consolidated Funds | 27 | 2 | 1 | — | — | |
| Net income attributable to controlling interests | 80 | 85 | 66 | 101 | 828 | |
| Earnings per share (basic) attributable to controlling interests (in dollars per share) | 2.21 | 2.25 | 1.59 | 2.39 | 10.73 | |
| Earnings per share (diluted) attributable to controlling interests (in dollars per share) | 2.21 | 2.22 | 1.55 | 2.33 | 10.29 | |
| Weighted average common stock outstanding (in shares) | 36 | 38 | 42 | 42 | 77 | |
| Weighted average diluted shares outstanding (in shares) | 36 | 38 | 43 | 43 | 81 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Investments | 142 | 222 | 99 | 50 | 55 | |
| Total assets | 677 | 703 | 611 | 519 | 715 | |
| Other compensation liabilities | 129 | 93 | 68 | 59 | 104 | |
| Operating lease liabilities | 61 | 67 | 72 | 76 | 78 | |
| Total liabilities | 593 | 616 | 562 | 540 | 732 | |
| Commitments and contingencies | — | — | — | — | — | |
| Total equity and redeemable non-controlling interests in consolidated Funds | 84 | 87 | 50 | −22 | −18 | |
| Total liabilities and equity | 677 | 703 | 611 | 519 | 715 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Deferred income taxes | 2 | −10 | −6 | 6 | −5 | |
| Total net cash flows from operating activities | −2 | 56 | 68 | 117 | −12 | |
| Net cash flows from investing activities | 16 | −50 | −44 | −13 | 1,039 | |
| Net cash flows from financing activities | 12 | −54 | 2 | −234 | −1,180 | |
| Effect of foreign exchange rate changes on cash and cash equivalents | 500,000 | −400,000 | 200,000 | −1 | 0 | |
| Net increase (decrease) in cash and cash equivalents | 26 | −49 | 26 | −131 | −152 | |
| Income taxes paid | 34 | 49 | 38 | 37 | 205 | |
| Excise tax on repurchases of common stock | 400,000 | 700,000 | 0 | — | — | |
| Payable for repurchases of common stock | 0 | 0 | −2 | — | — |