Acadian Asset Management Inc. 2025年季度报告

FORM10-Q Acadian Asset Management Inc. Indicate by check mark whether the registrant: (1)has filed all reports required to be filed by Section13 or 15(d)of the Securities Exchange Act of 1934during the preceding 12months (or for such shorter period that the registrant was required to file such reports), and (2)has been subject to such filing Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule405 ofRegulationS-T (§232.405 of this chapter) during the preceding 12months (or for such shorter period that the registrant was required to submit such Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or anemerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in The number of shares of the registrant’s common stock, $0.001 per share, outstanding as of May6, 2025 was35,795,275. TABLE OF CONTENTS PartIFinancial Information PARTI — FINANCIAL INFORMATION Acadian Asset Management Inc.CondensedConsolidated Statements of Comprehensive Income Acadian Asset Management Inc.Condensed Consolidated Statements of Cash Flows(in millions, unaudited) Acadian Asset Management Inc. Notes to Condensed Consolidated Financial Statements (unaudited) 1)Organization and Description of the Business Acadian 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 andreturn objectives. Acadian LLC is a leading systematic investment manager of active equity products, including global, emerging market, non- •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 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-sharingmodel in structuring its compensation and ownership arrangements with Acadian LLC. Variable compensation is based on the firm’sprofitability. The Company and Acadian LLC key employees share in profits after variable compensation according to their respective The corporate holding company (“Hold Co”) is included within theUnallocated Corporate expensescategory. Prior to 2014, the Company was a wholly-owned subsidiary of Old Mutual plc (“OM plc”), an international long-term savings, protection, andinvestment 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 For the three months ended March31, 2025, the Company repurchased770,812shares of common stock at an average price of $25.09pershare, or approximately $19.4million in total, including commissions. For the three months ended March31, 2024, the Company repurchased All shares of common stock repurchased by the Company were retired. Notes to CondensedConsolidated Financial Statements (unaudited) 2)Basis of Presentation and Significant Accounting Policies The Company’s significant accounting policies are as follows: Basis of presentation These unaudited Condensed Consolidated Financial Statements reflect the historical balance sheets, statements of operations, statements ofcomprehensive income, statements of changes in stockholders’ equity and statements of cash flows of the Company. Within these Condensed The Condensed Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the UnitedStates (“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 LLCand consolidated Funds are eliminated in consolidation. Certain disclosures included in the Company’s Annual Report on Form 10-K for the year ended De