[SCHEDULE 13D/A] BrightSphere Investment Group Inc. Common Stock SEC Filing

Rhea-AI Filing Summary

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.

Positive

• Material stake disclosed: Reporting Person may beneficially own 7,743,282 shares (~21.6%).
• Clear voting/dispositive authority: Paulson reports sole voting and sole dispositive power over the reported shares.
• Regulatory compliance: Amendment filed as Schedule 13D/A and references recent transactions via Exhibit 1.

Negative

• None.

Insights

Financial Analyst

TL;DR: Paulson's disclosed ~21.6% position is large and could influence shareholder dynamics.

The filing confirms Paulson & Co. Inc. controls 7,743,282 shares, equal to roughly 21.6% of the 35,811,913 shares outstanding reported by the issuer as of August 5, 2025. Because Paulson holds sole voting and dispositive power over these shares in its capacity as adviser/manager to the Funds, the position represents concentrated ownership that is material to the company's ownership structure. The filing is procedural (Schedule 13D, Amendment No. 6) and points readers to Exhibit 1 for recent transactions, which are not included in the body of this document.

Corporate Governance Expert

TL;DR: Disclosure clarifies control rights and the Funds' pecuniary interest, meeting Schedule 13D requirements.

The amendment notes Paulson's voting and investment authority over the reported shares held by client Funds, while expressly disclaiming beneficial ownership outside the Section 13(d) determination. This delineation is important for governance and voting implications because the filing identifies sole voting and dispositive power for 7,743,282 shares. The document does not include the Exhibit 1 details within the text, so the precise timing and nature of recent transactions require review of that exhibit to fully assess changes over the prior 60 days.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

(Amendment No. 6)

Acadian Asset Management Inc.

(Name of Issuer)

Common Stock, par value $0.001 per share (the "Common Stock")

(Title of Class of Securities)

10948W103

(CUSIP Number)

Kelly Zelezen
Kleinberg, Kaplan, Wolff & Cohen, P.C., 500 Fifth Avenue
New York, NY, 10110
212-986-6000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

09/03/2025

(Date of Event Which Requires Filing of This Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.

The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13D

CUSIP No. 10948W103

1

Name of reporting person

PAULSON & CO. INC.

2

Check the appropriate box if a member of a Group (See Instructions)

(a)
(b)

3

SEC use only

4

Source of funds (See Instructions)

OO

5

Check if disclosure of legal proceedings is required pursuant to Items 2(d) or 2(e)

6

Citizenship or place of organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

7	Sole Voting Power 7,743,282.00
8	Shared Voting Power 0.00
9	Sole Dispositive Power 7,743,282.00
10	Shared Dispositive Power 0.00

11

Aggregate amount beneficially owned by each reporting person

7,743,282.00

12

Check if the aggregate amount in Row (11) excludes certain shares (See Instructions)

13

Percent of class represented by amount in Row (11)

21.6 %

14

Type of Reporting Person (See Instructions)

CO

Comment for Type of Reporting Person:

Comment for Type of Reporting Person: Note to Items 7, 9, 11: See Note 1 to Item 5 below

SCHEDULE 13D

Item 1.	Security and Issuer
(a)	Title of Class of Securities: Common Stock, par value $0.001 per share (the "Common Stock")
(b)	Name of Issuer: Acadian Asset Management Inc.
(c)	Address of Issuer's Principal Executive Offices: 200 STATE STREET, SUITE 601A, BOSTON, MASSACHUSETTS , 02109.
Item 1 Comment: The following constitutes Amendment No. 6 to the Schedule 13D previously filed by the undersigned ("Amendment No. 6") with respect to Acadian Asset Management Inc. This Amendment No. 6 amends the Schedule 13D as specifically set forth herein.
Item 5.	Interest in Securities of the Issuer
(a)	The aggregate percentage of Common Stock reported owned by the Reporting Person is based upon 35,811,913 shares of Common Stock outstanding as of August 5, 2025, as disclosed in the Issuer's Quarterly Report on Form 10-Q, filed with the Securities Exchange Commission on August 7, 2025. As of the date hereof, the Reporting Person may be deemed to have beneficially owned approximately 21.6% of the outstanding Common Stock.
(b)	Number of shares of Common Stock as to which Paulson has: (i) Sole power to vote or direct the vote: 7,743,282 (see Note 1). (ii) Shared power to vote or direct the vote: 0 (iii) Sole power to dispose or direct the disposition: 7,743,282 (see Note 1). (iv) Shared power to dispose or direct the disposition: 0
(c)	The transactions effected by the Reporting Person during the past 60 days are set forth on Exhibit 1 attached hereto.
(d)	See Note 1.
(e)	Not applicable. Note 1: Paulson furnishes investment advice to and manages the Funds. In its role as investment advisor, or manager, as the case may be, Paulson possesses voting and investment power over the securities of the Issuer described in this Schedule 13D that are owned by the Funds. The pecuniary interest of all securities reported in this Schedule 13D is owned by the Funds. Except for the purposes of determining beneficial ownership under Section 13(d) of the Securities Exchange Act of 1934, as amended, Paulson disclaims beneficial ownership of all securities reported in this Schedule 13D. For reporting purposes, the aggregate amount of Common Shares deemed to be beneficially owned by the Reporting Person is calculated based on an aggregate 7,743,282 Common Shares held by the Reporting Person as of the date hereof.
Item 7.	Material to be Filed as Exhibits.
	Exhibit 1: Transactions in Securities

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

PAULSON & CO. INC.

Signature:	/s/ Stuart L. Merzer
Name/Title:	Stuart L. Merzer, General Counsel & Chief Compliance Officer
Date:	09/05/2025

FAQ

How many shares does Paulson & Co. Inc. report owning in the Schedule 13D/A?

The filing reports 7,743,282 shares as the aggregate amount attributed to Paulson & Co. Inc.

What percentage of the company does the reported stake represent (BSIG)?

Based on 35,811,913 shares outstanding as of August 5, 2025, the reported stake represents approximately 21.6%.

Does Paulson claim voting or dispositive power over the reported shares?

Yes. The filing states Paulson has sole voting power and sole dispositive power over the 7,743,282 shares.

Who actually owns the economic interest in the shares reported by Paulson?

The filing states the pecuniary interest in the reported shares is owned by the Funds advised or managed by Paulson.

When was the event requiring this Schedule 13D filing dated and when was the filing signed?

The Date of Event that requires filing is listed as 09/03/2025, and the signature on the amendment is dated 09/05/2025.