7 unchanged sentences
Acadian LLC applies a range of investment and risk considerations to a universe of 65,000-plus securities taken from over 150 global markets.
−Removed: Acadian LLC manages strategies in developed and developing markets, including global, emerging market, international, and small cap equities, as well as credit and alternative strategies.
+Added: Acadian LLC manages strategies in developed and developing markets.
+Added: Notable product lines and capabilities include Emerging Equity, Non-U.S.
+Added: Equity, Global Equity, Small Cap Equity, Enhanced Equity, Equity Extensions, Systematic Credit, and Alternatives.
Acadian LLC predominantly invests on behalf of a wide range of institutional clients across the globe, including public and private funds, endowments and foundations.
−Removed: The firm’s clients were domiciled in approximately 40 countries across the globe as of December 31, 2024.
+Added: The firm’s clients were domiciled in more than 40 countries across the globe as of December 31, 2025.
The firm has over 100 investment and research professionals and manages numerous investment products and strategies.
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Distribution and Client Base
−Removed: Our distribution is focused on the institutional, sub-advisory, and other channels.
+Added: Our distribution is focused on the institutional, sub-advisory, and wealth/other channels.
The institutional channel accounts for over 80% of our AUM.
−Removed: Within this channel, we have strong relationships in the public/government pension market (43% of our AUM as of December 31, 2024) and the corporate plan market (13% of our AUM as of December 31, 2024), which comprise a substantial portion of the institutional investment market overall, particularly in the U.S.
+Added: Within this channel, we have strong relationships in the public/government pension market and the corporate plan market, which comprise a substantial portion of the institutional investment market overall, particularly in the U.S.
Our institutional marketplace clients are highly diverse across industry segments and geographies and have various growth characteristics.
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We maintain relationships with a number of insurance companies, private banks, Outsourced Chief Investment Officers (“OCIOs”) and Fund of Funds (“FoFs”).
−Removed: While we market primarily to institutional investors, we participate in the individual investor market through the sub-advisory channel, which represented 9% of our AUM as of December 31, 2024.
−Removed: We also manage mutual funds and other commingled products including UCITs and Collective Investment Trusts, which gives us exposure to a retail investor base and the defined contribution market.
+Added: While we market primarily to institutional investors, we also participate in the individual investor market via the sub-advisory and wealth/other channels, which together represent almost 20% of our AUM.
+Added: Clients within these channels include registered investment advisors, private banks, high net-worth clients, family offices, and defined contribution clients on certain platforms.
Our clients can access our investment strategies through a range of investment vehicles:
13 unchanged sentences
Products and Investment Performance
−Removed: We offer leading strategies in developed and developing markets, including global, emerging market, international, and small cap equities, as well as credit and alternative strategies.
+Added: We offer leading strategies in developed and developing markets.
The chart below presents our wide range of offerings.
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We believe our offerings are well-positioned in areas of investor demand and the diversity of investment style and asset class can enable us to participate in growing segments of the industry, through a range of investing environments.
−Removed: Our product initiatives to drive growth include enhanced equity, equity extensions, systematic credit, and equity alternatives.
+Added: Our notable product lines and capabilities include Emerging Equity, Non-U.S.
+Added: Equity, Global Equity, Small Cap Equity, Enhanced Equity, Equity Extensions, Systematic Credit, and Alternatives.
Enhanced strategies offer attractive risk-adjusted returns with comparatively lower active risk relative to standard active offerings.
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The charts below reflect performance versus benchmark on a revenue-weighted basis on a trailing three-, five-, and ten-year basis over each of the last five years.
−Removed: Our long-term performance has been strong and has improved since 2020, which was negatively impacted by the global equity market environment during the pandemic.
+Added: Performance figures for all periods are calculated using gross of fee strategy composite returns.
+Added: Our long-term performance has been strong since 2021.
+Added: Past performance is no guarantee of future results.
+Added: This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Acadian LLC.
Data as of December 31 for the years 2021 to 2025
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Data as of December 31, 2025 *
−Removed: * As of December 31, 2024, assets representing 91% of revenue were outperforming benchmarks on a 1- year basis.
−Removed: Figures calculated using gross of fee strategy composite returns.
−Removed: Past performance is no guarantee of
−Removed: future results.
−Removed: This is not investment advice and may not be construed as sales or marketing material for any financial product or service sponsored or provided by Acadian LLC.
The industry in which we operate is highly competitive.
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• the alignment of our investment strategies to the current market conditions and investment preferences and needs of potential clients;
−Removed: • the quality, depth, and reputation of the investment teams that executes our strategies;
+Added: • the quality, depth, and reputation of the investment teams that execute our strategies;
• the continuity of our investment and distribution teams;
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None of these employees are represented by any collective bargaining agreements.
−Removed: Operations, Systems and Technology
+Added: Operations and Technology
Our advanced technological capabilities are one of our core strengths.
−Removed: Our investment process is systematically driven and is supported by a sophisticated systems environment.
+Added: Our investment process is systematically driven and is supported by a sophisticated systems environment, including the use of artificial intelligence.
A key tenet of our investment philosophy is that it is crucial to examine as much relevant information about as many companies as possible.
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Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.