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Acadian Well-Positioned to Benefit as Systematic Strategies Gain Momentum, RBC Says

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Acadian Asset Management (AAMI) is well-positioned to benefit as systematic strategies gain traction across the industry and clients seek more consistent investment outcomes, RBC Capital Markets said.

Management believes the serviceable addressable market for Acadian's strategies is about $18 trillion in assets under management, with a projected 10% five-year compound annual growth rate across institutional equity, wealth management equity and active credit opportunities, according to the note Tuesday.

The systematic credit area remains nascent across the industry, and RBC said potential adoption and growth could be somewhat slower than for Acadian's systematic equity products.

Management also highlighted potential opportunities across global sub-advisory, non-US intermediaries, US ultra-high-net-worth investors and US defined contribution markets, the note added.

RBC reiterated its sector perform rating and $66 price target on Acadian Asset Management.

Shares of Acadian Asset Management were up 2.7% in Wednesday trading.

Price: $69.92, Change: $+1.81, Percent Change: +2.66%

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