Acadian Asset Management

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Acadian Asset Management
Basic facts
Location:	Boston, Mass.
Type:	Asset management company
Year founded:	1986
Website:	Official website
Total assets under management
2020:	$101 billion

Acadian Asset Management is a global investment management company that, among other initiatives, contracts with state pension funds as an asset management company (AMC) to direct investments. Acadian had signed on as a member of the Net Zero Asset Manager Initiative as of January 2023.

Background

See also: Net Zero Asset Manager Initiative

Acadian Asset Management, founded in 1986, is a privately held global investment management company headquartered in Boston, Massachusetts. The company specializes in "active global and international equity strategies, active equity, low volatility, multi-asset investment, ESG, and Responsible Investing," according to its LinkedIn profile.

Among other investment priorities, Acadian contracts with multiple state pension funds as an asset management company (AMC). In this role, Acadian manages the investment strategy for its contracted state pension plans. As a member of the Net Zero Asset Manager Initiative, Acadian is "committed to supporting the goal of net zero greenhouse gas emissions by 2050 or sooner, according to the Net Zero website.

Acadian managed more than $101 billion in assets as of December 31, 2019.

Investment policies

See also: Environmental, social, and corporate governance (ESG)

Acadian Asset Management's investment strategies "manage both equity strategies intended to deliver active returns and alternative strategies designed to deliver absolute, uncorrelated returns," according to the organization's website. The firm's "sustainable investing capabilities are integrated throughout all strategies and provide a platform for both client-specific solutions and innovative engagement."

The firm integrates environmental, social, and corporate governance (ESG) across its investment strategies. "ESG is a lens we can apply across any of our strategies, with the foundational belief that responsible investing is a core component of traditional investing, as well-governed, sustainable businesses have the potential to generate strong results over time," states the firm's website.

State pension asset management

The following table features information about Acadian Asset Management's AMC contracts with states. The table identifies the total number of states Acadian Asset Management contracts with as an AMC and whether those states are governed by Republican trifectas, Democratic trifectas, or divided government.

Acadian Asset Management state AMC contracts, 2022
Total states	Republican trifecta states	Democratic trifecta states	Divided government states
22	8	11	3

The table below identifies the pension funds in each state administered in part by Acadian Asset Management in its capacity as an AMC.

Acadian Asset Management state pension plan AMC contracts, 2022
State	Trifecta status	Pension fund(s)
Arkansas	Republican trifecta	Arkansas Public Employees Retirement System (APERS) Arkansas State Police Retirement Fund (ASPRS)
California	Democratic trifecta	California State Teachers' Retirement System (CalSTRS)
Colorado	Democratic trifecta	Colorado Public Employees Retirement Association (PERA)
Connecticut	Democratic trifecta	Combined Investment Fund
Florida	Republican trifecta	Florida Retirement System Pension Plan (FRS)
Illinois	Democratic trifecta	Teachers' Retirement System (TRS)
Louisiana	Divided government	Louisiana Firefighters Retirement System Louisiana School Employees Retirement System Louisiana Municipal Police Employees Retirement System
Massachusetts	Democratic trifecta	Massachusetts Pension Reserves Investment Trust Fund (Teachers' Retirement Board, State Employees' Retirement System, Middlesex County Retirement System, Worcester Regional Retirement System, and Berkshire County Retirement System)
Michigan	Democratic trifecta	Michigan Municipal Employees Retirement System (MERS)
Minnesota	Democratic trifecta	State Board of Investments (all funds from the Teachers Retirement Association, Minnesota Public Employees Retirement Association, and Minnesota State Retirement System are pooled and managed by the SBI)
Mississippi	Republican trifecta	Public Employee's Retirement System of Mis​sissippi (PERS)​
Missouri	Republican trifecta	Missouri Transportation Department and Highway Patrol Retirement System Missouri Public School Retirement System
Montana	Republican trifecta	Montana Board of Investments
New Mexico	Democratic trifecta	New Mexico Public Employees Retirement Association (PERA)
New York	Democratic trifecta	New York State and Local Retirement System (NYSLRS)
Ohio	Republican trifecta	Ohio Public Employees Retirement System Traditional Pension Plan (OPERS) Ohio State Teachers Retirement System (STRS)
Oregon	Democratic trifecta	Oregon Public Employees Retirement System (PERS)
Pennsylvania	Divided government	Pennsylvania Public School Employees' Retirement System (PSERS)
Tennessee	Republican trifecta	Tennessee Consolidated Retirement System (TCRS)
Vermont	Democratic trifecta	Vermont Municipal Employees' Retirement System (VMERS) Vermont State Teachers' Retirement System (VSTRS)
Virginia	Divided government	Virginia Retirement System (VRS)
Wyoming	Republican trifecta	Wyoming Public Employee Pension Plan

See also

• Environmental, social, and corporate governance (ESG)
• Areas of inquiry and disagreement related to environmental, social, and corporate governance (ESG)
• Opposition to environmental, social, and corporate governance (ESG) investing
• Reform proposals related to environmental, social, and corporate governance (ESG)
• State legislative approaches opposing ESG investing
• State legislative approaches supporting ESG investing

External links

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