Acadian Asset Management

Management has emphasized balanced deployment: returning capital when appropriate, funding organic growth, and maintaining conservative leverage. Since 2019, AAMI reports $1.4 billion returned via buybacks and dividends, while share count has declined materially.

In 2025 the company repurchased 1.8 million shares (about 5 percent of year end 2024 shares), paused repurchases in Q4 to prioritize deleveraging, and raised the quarterly dividend to $0.10 per share. Seed capital deployment is modest but supports product innovation.

We view the record as disciplined and timing-aware, with a credible willingness to flex between buybacks, dividends, and balance sheet strength.