Q4 2024 Acadian Asset Management Inc Earnings Call Transcript

Feb 6, 2025 / 04:00 PM GMT

Release Date Price: $25.2 (+4.35%)

Transcript 8-K

Key Points

Positve

Acadian Asset Management Inc (AAMI) achieved the highest level of quarterly ENI EPS in the firm's history, with a 69% increase compared to the previous year.
The company reported positive net client cash flows of $900 million for Q4 2024, marking the first positive annual net flow since 2019.
Acadian's investment strategies outperformed their respective benchmarks, with more than 90% of strategies by revenue doing so over 3, 5, and 10-year periods.
The company generated record gross sales of $21 billion in 2024, driven by a strong global distribution platform and team.
Acadian's systematic investment process delivered strong performance across nearly all strategies, adding over 300 basis points in active performance in core benchmark-oriented strategies.

Negative

Despite strong performance, Acadian Asset Management Inc (AAMI) is trading at a lower P/E multiple of around nine times 2024 earnings compared to peers' average of approximately 14 times.
The company faces the challenge of maintaining its strong performance amidst mixed market conditions, as seen in Q4 where many equity markets lost value.
There is uncertainty regarding the long-term growth potential and fee rate opportunities for newer systematic strategies like systematic credit and equity alternatives.
Acadian has an upcoming note maturity, requiring careful financial planning to maintain good leverage ratios and financial flexibility.
The company's reliance on systematic investment processes may pose risks if market conditions change unfavorably, impacting the effectiveness of these strategies.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

AAMI.N - Acadian Asset Management Inc
Q4 2024 Acadian Asset Management Inc Earnings Call
Feb 06, 2025 / 04:00PM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by and welcome to the Acadian Asset Management Incorporated Earnings conference call and webcast for the fourth quarter, 2024.

During the call, all participants will be in a listen-only mode. After the presentation, we will conduct a question and answer session to be added to the queue. Please press star followed by the number one at any time during the call and if you need to reach an operator, simply press star zero. Please note that this call is being recorded today Thursday, February 6 2025 at 11 a.m. Eastern time.

I would now like to turn the call over to Melody Huang, senior Vice President and Director of Finance and Investor Relations. Please go

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