Acadian Asset Management Inc 2025年季度报告

For the quarterly period endedMarch 31, 2025OR Commission File Number:001-38979 (State or other jurisdiction of incorporation or organization)200 State Street, 13th Floor files).YesýNooIndicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an Emerging growth companyIf an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.oIndicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐NoýThe number of shares of the registrant’s common stock, $0.001 per share, outstanding as of May6, 2025 was35,795,275. 8 (unaudited) 1)Organization and Description of the BusinessAcadian Asset Management Inc. (“Acadian”, “AAMI” or the “Company”), is a holding company that operates a systematic investmentmanagement business through its majority owned subsidiary, Acadian Asset Management LLC (“Acadian LLC”). Acadian LLC offersinstitutional investors across the globe access to a diversified array of systematic investment strategies designed to meet a range of risk and •Quant & Solutions—incorporates strategies that utilize advanced technology to collect and analyze data, aiming to identify mispricedassets and generate attractive risk-adjusted returns for investors; portfolios include global, emerging market, non-U.S., small cap and enhanced equities, as well as credit and alternative strategies.Acadian LLC is organized as a limited liability company. Fees for services are largely asset-based and, as a result, revenues fluctuate based onthe performance of financial markets and investors’ asset flows in and out of Acadian LLC’s products. The Company utilizes a profit-sharing which is critical to the Company’s talent management strategy and long-term growth of the business.The corporate holding company (“Hold Co”) is included within theUnallocated Corporate expensescategory. investment group, listed on the London Stock Exchange. On October 15, 2014, the Company completed the initial public offering (the“Offering”) by OM plc pursuant to the Securities Act of 1933, as amended. As of March31, 2025, Paulson & Co. Inc. (“Paulson”) and related 9 (unaudited) The Company’s significant accounting policies are as follows:Basis of presentation The Condensed Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). In the opinion of management, all normal and recurring adjustments considered necessary for a fair presentation of theCompany’s Condensed Consolidated Financial Statements have been included.All dollar amounts, except per-share data in the text and tablesherein, are stated in millions unless otherwise indicated. Transactions between the Company and its related parties are included in theCondensed Consolidated Financial Statements; however, material intercompany balances and transactions among the Company, Acadian LLC K) are not required to be included on an interim basis in the Company’s quarterly reports on Form 10-Q. The Company has condensed oromitted these disclosures. These unaudited Condensed Consolidated Financial Statements should be read in conjunction with the audited Consolidated Financial Statements and notes thereto for the year ended December31, 2024 included in the Company’s Annual Report on Form10-K as filed with the Securities and Exchange Commission (“SEC”) on February27, 2025. The Company’s significant accounting policies,which have been consistently applied, are summarized in those financial statements.Use of estimates (unaudited) New accounting standards not yet adoptedIn December 2023, the FASB issued ASU 2023-09, Income Taxes (Topic 740) - Improvements to Income Tax Disclosures, which requirespublic entities, on an annual basis, to provide disclosure of specific categories in the rate reconciliation, as well as disclosure of income taxes In November 2024, the FASB issued ASU 2024-03, Income Statement - Reporting Comprehensive Income - Expense DisaggregationDisclosures (Subtopic 220-4): Disaggregation of Income Statement Expenses, which requires disclosures of additional information and Consolidated Financial Statements and has not yet determined the transition approach. The Company has considered all other newly issued accounting guidance that is applicable to the Company’s operations and the preparation ofthe unaudited Condensed Consolidated Financial Statements, including those that have not yet been adopted. The Company does not believe (1)Assets and liabilities measured at fair value are comprised of financial investments managed by Acadian LLC.Equity securities and derivatives which are traded on a national securities exchange are stated at the last reported