BOSTON (AP) — BOSTON (AP) — Acadian Asset Management Inc. (AAMI) on Thursday reported second-quarter earnings of $10.1 million.
The Boston-based company said it had net income of 28 cents per share. Earnings, adjusted for non-recurring costs, were 64 cents per share.
The asset manager posted revenue of $127.4 million in the period. Its adjusted revenue was $124.9 million.
Acadian Asset Management shares have risen 50% since the beginning of the year. The stock has risen 54% in the last 12 months.
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