Acadian Asset Management Inc. reported its financial results for the second quarter and first half of 2025, revealing a total revenue of $127.4 million for the three months ended June 30, 2025, an increase of 16.9% from $109.0 million in the same period last year. For the six months ended June 30, 2025, total revenue reached $247.3 million, up 15.2% from $214.7 million in the prior year. The company's net income attributable to controlling interests was $10.1 million for the second quarter, a slight decrease from $11.0 million in the same quarter of 2024, while net income for the first half of 2025 was $30.2 million, compared to $25.6 million in the previous year.
The increase in revenue was primarily driven by a 15.9% rise in management fees, which amounted to $122.3 million for the second quarter, attributed to higher average assets under management (AUM) resulting from positive market performance and net client cash flows. The company reported AUM of $151.1 billion as of June 30, 2025, a significant increase of 34.2% compared to $112.6 billion a year earlier. This growth was bolstered by net client cash inflows of $13.8 billion during the second quarter, compared to no net inflows in the same period of 2024.
Operating expenses for the second quarter totaled $111.2 million, up from $88.4 million in the prior year, largely due to increased compensation and benefits expenses, which rose by 34.7% to $83.8 million. The company also repurchased 925,741 shares of common stock at an average price of $25.48 during the quarter, as part of its ongoing share repurchase program, which has a remaining authorization of $37 million.
In terms of strategic developments, Acadian continues to focus on its systematic investment management business through its subsidiary, Acadian LLC, which offers a range of investment strategies. The company has not reported any significant acquisitions or organizational changes in this quarter. Looking ahead, Acadian's management expressed optimism about maintaining growth in AUM and revenue, driven by favorable market conditions and continued client demand for its investment strategies. The company remains committed to its profit-sharing model, which aligns the interests of its employees with those of its shareholders, and anticipates further investment in its business to support long-term growth.
About Acadian Asset Management Inc.
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