10 unchanged sentences
Acadian pursues a fundamentally grounded, data-rich and highly structured approach to investing that seeks to identify and exploit systematic and structural inefficiencies in the markets.
−Removed: Acadian applies a range of investment and risk considerations to a universe of over 43,000 securities taken from over 150 global markets.
−Removed: Acadian manages strategies in developed and emerging markets, including global, international and small-cap equities, as well as managed volatility, ESG, multi-asset and other equity alternative strategies.
+Added: Acadian applies a range of investment and risk considerations to a universe of 40,000-plus securities taken from over 150 global markets.
+Added: Acadian manages strategies in developed and emerging markets, including global, non-U.S.
+Added: and small-cap equities, as well as managed volatility, ESG, multi-asset, equity alternatives, and long/short strategies.
Acadian invests on behalf of a wide range of institutional clients across the globe, including public and private funds, endowments and foundations, and retail clients through sub-advisory channels.
−Removed: The firm’s clients were domiciled in 20 countries across Asia, Australia, Europe and North America as of December 31, 2021.
−Removed: Acadian’s management team is led by Co-Chief Executive Officers Ross Dowd and John Chisholm and Acadian’s Chief Investment Officer, Brendan Bradley.
−Removed: The firm has over 100 investment and research professionals and manages over 70 distinct investment products and strategies.
+Added: The firm’s clients were domiciled in approximately 20 countries across Asia, Australia, Europe and North America as of December 31, 2022.
+Added: The firm has over 100 investment and research professionals and manages approximately 70 distinct investment products and strategies.
Competitive Strengths
21 unchanged sentences
Our institutional marketplace clients are highly diverse across industry segments and geographies and have various growth characteristics.
−Removed: Our institutional distribution channel includes institutional clients from across the globe, including, but not limited to, pension funds, state and local governments;
+Added: Our institutional distribution channel includes clients from across the globe, including, but not limited to, pension funds, state and local governments;
employee benefit plans and foundations and endowments.
19 unchanged sentences
Products and Investment Performance
−Removed: We offer leading products in global, international, U.S.
+Added: We offer leading strategies in global, international, U.S.
and emerging markets equities, in addition to alternative investments and responsible investing.
−Removed: The chart below presents our wide range of product offerings.
−Removed: Each of these areas provides a balanced earnings stream to our business.
−Removed: We believe our product offerings are well-positioned in areas of investor demand, and the diversity of investment style and asset class enables us to participate in growing segments of the industry, through a range of investing environments.
−Removed: Equities Equity strategies apply insights from over 35 years of systematic investing experience combined with the power of data to deliver results for our clients.
−Removed: Global, Emerging Markets, Non-U.S., Regional, Managed Volatility
−Removed: Equity Alternatives Systematic macro capabilities designed to generate absolute returns uncorrelated with major asset classes and regardless of market conditions;
−Removed: equity alternatives capabilities systematically apply new signals, alternative data, and portfolio construction techniques.
−Removed: Multi-Asset Absolute Return, Commodities Absolute Return Multi-strategy, Equity Long/Short, Market Neutral
−Removed: Responsible Investing Responsible investing capabilities integrate throughout all strategies and provide a platform for client-specific solutions and innovative engagement.
−Removed: Alpha Signals, Portfolio Customization, Net Zero Glidepaths
+Added: The chart below presents our wide range of offerings.
+Added: These areas have the potential to provide a balanced earnings stream to our business.
+Added: 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.
Investment Performance
7 unchanged sentences
* Acadian assets representing 32%, 11%, 47%, 89% and 88% of revenue were outperforming benchmarks on a 1- year basis as of December 31, 2018, 2019, 2020, 2021 and 2022, respectively.
−Removed: The chart below indicates performance on a revenue-weighted and equal-weighted (by product) basis relative to benchmark, as at December 31, 2021.
+Added: The chart below indicates performance on a revenue-weighted and equal-weighted basis relative to benchmark, as at December 31, 2022.
In addition, we have indicated the percentage of our assets beating their benchmarks over the same time periods.
45 unchanged sentences
Acadian’s U.K.
−Removed: affiliate is subject to regulation by the Financial Conduct Authority, or FCA., Acadian’s Singapore affiliate is subject to regulation by the Monetary Authority of Singapore, or MAS.
+Added: affiliate is subject to regulation by the Financial Conduct Authority, or FCA.
+Added: Acadian’s Singapore affiliate is subject to regulation by the Monetary Authority of Singapore, or MAS.
Acadian Australia is subject to regulation by the Australian Securities and Investment Commission, or ASIC.
31 unchanged sentences
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.