Acadian Asset Management Inc SEC Filings

Acadian Asset Management Inc. (AAMI) reported higher Q3 2025 revenue and steady profitability. Total revenue rose to $144.2 million from $123.1 million, driven mainly by management fees of $136.1 million versus $112.1 million. Operating income was $26.6 million compared with $27.0 million, while net income attributable to controlling interests was $15.1 million versus $16.9 million. Diluted EPS was $0.42 versus $0.45.

For the nine months, revenue reached $391.5 million versus $337.8 million, and net income attributable to controlling interests was $45.3 million versus $42.5 million, with diluted EPS of $1.25 versus $1.10. Cash and cash equivalents were $117.3 million, and 4.80% Senior Notes due 2026 had a carrying value of $274.6 million. The company issued a notice to redeem all $275 million of these notes on October 30, 2025, and on October 28, 2025, put in place a new $175 million revolving credit facility and a delayed draw term loan facility up to $200 million. AAMI repurchased 1,799,423 shares year-to-date for approximately $48.0 million at an average price of $26.64.

Jennison Associates LLC filed Amendment No. 1 to a Schedule 13G reporting beneficial ownership of 1,729,842 shares of ACADIAN ASSET MANAGEMENT INC common stock, representing 4.8% of the class (CUSIP 10948W103). The date of event triggering this filing is 09/30/2025.

Jennison reports sole voting power over 1,729,842 shares and shared dispositive power over 1,729,842 shares, with no shared voting power and no sole dispositive power. The filer is classified as an investment adviser and certifies the shares were acquired and are held in the ordinary course of business and not to change or influence control of the issuer.

Acadian Asset Management Inc. announced new financing and a planned debt redemption. Its majority-owned subsidiary entered a delayed draw term loan of up to $200,000,000 available in a single borrowing through December 15, 2025, maturing October 28, 2028, and a senior unsecured revolving credit facility of $175,000,000 maturing October 28, 2028. Each facility may be increased, subject to conditions, to an aggregate maximum principal amount of $275,000,000.

Loans bear interest at Term SOFR plus a margin of 1.50%–2.00% or an alternate base rate plus 0.50%–1.00%, based on the consolidated leverage ratio. Financial covenants include a maximum consolidated net leverage ratio of 2.50:1.00 and a minimum consolidated interest coverage ratio of 4.00:1.00.

The company issued a notice to redeem all $275 million of its 4.800% Senior Notes due July 27, 2026 on December 1, 2025 at the greater of par or a make‑whole amount, plus accrued interest. Proceeds of the term facility are intended, in part, to fund this redemption.

Amendment No. 6 to a Schedule 13D discloses that Paulson & Co. Inc. (the Reporting Person) may be deemed to beneficially own 7,743,282 shares of the issuer's common stock, representing approximately 21.6% of 35,811,913 shares outstanding as of August 5, 2025. The filing states Paulson furnishes investment advice to and manages certain Funds that hold these shares and, in that advisory role, possesses sole voting and dispositive power over the reported shares. The pecuniary interest in the shares is held by the Funds; Paulson disclaims beneficial ownership except for Section 13(d) reporting purposes. The filing references Exhibit 1 for transactions in the past 60 days and identifies the event date as 09/03/2025 with the signature dated 09/05/2025.