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Acadian Quants Managing $75 Billion Exploit Investor 'Mistakes'
Tapping into market inefficiencies, the Boston asset manager runs strategies that have outperformed benchmarks over two decades.
Churchill Franklin (left) and John Chisholm at Acadian Asset Management's Boston headquarters.
Tony Luong/Bloomberg MarketsThis article is for subscribers only.
Three times a day, Acadian Asset Management calculates the relative attractiveness and expected return of 40,000 stocks around the world. “You may notice we like numbers,” Churchill Franklin says with a laugh. The Acadian CEO is sitting in a conference room at the Boston headquarters of the quantitative investment firm for an interview in early May.
Across the table, Chief Investment Officer John Chisholm says that in essence what Acadian does is look for inefficiencies in the pricing of securities. “Investors make certain systematic behavioral errors in the way they make investment decisions,” he says.