Acadian Asset Management reported second-quarter 2026 results with U.S. GAAP revenue of $185.1 million and economic net income (ENI) of $47.5 million. Assets under management reached $232.7 billion at June 30, 2026, up 54% year-over-year, and quarterly net client cash flows were $4.3 billion. The company also declared a quarterly interim dividend of $0.10 per share.

Financial Highlights

  • Revenue (U.S. GAAP): $185.1 million for Q2 2026 (up 45.3% vs Q2 2025).
  • ENI (Economic Net Income): $47.5 million for Q2 2026 (up 107% vs Q2 2025).
  • Management fees (ENI basis): $176.5 million for Q2 2026 (up 44% vs Q2 2025).
  • U.S. GAAP net income attributable to controlling interests: $27.3 million for Q2 2026 (up 170% vs Q2 2025); diluted EPS (U.S. GAAP): $0.76.
  • Adjusted EBITDA: $69.9 million for Q2 2026 (up 78.8% vs Q2 2025); ENI operating margin expanded to 40.3% (up 959 bps vs Q2 2025).

Business Highlights

  • Assets under management (AUM) totaled $232.7 billion at quarter end, a 54% increase year-over-year driven by market appreciation and positive net flows.
  • Net client cash flows were $4.3 billion for Q2 2026, marking the tenth consecutive quarter of positive net flows and representing a 9% annualized organic growth rate.
  • Growth was led by Enhanced and Extension equity strategies; Enhanced Equity represented $71.6 billion of AUM and remained a primary driver of inflows.
  • Investment performance remained strong across strategies: 96% of strategies by revenue outperformed benchmarks over 3-, 5- and 10-year periods (as of June 30, 2026).
  • Capital management actions included repayment of seasonal revolver borrowings during Q2 and $10.6 million of share repurchases (0.2 million shares); the Board approved a $0.10 quarterly interim dividend payable September 25, 2026.

Original SEC Filing:

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