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Company type | Public |
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Industry | Investment Management |
Predecessor | Acadian Financial Research |
Founded | 1986 |
Founders |
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Headquarters | 260 Franklin Street, Boston, Massachusetts, U.S. |
Key people | Kelly Young (CEO) |
AUM | US$120 billion (September 2024) |
Number of employees | 330 (March 2023) |
Website | www |
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]
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]