Acadian Asset Management Inc

AAMI is in a Stage 2 advance with price tracking above the rising EMAs and the 50-day SMA. The recent pullback into the 9-/20-EMA zone has held support while remaining above the 50-day SMA, presenting a favorable buy zone under momentum discipline. Short-term timing is constructive with no exhaustion visible, and the medium-term bias remains bullish. We recommend buying now into this pullback area.

• ↑AUM hit a record $232.7B, up 54% year-over-year
• ↑Net client cash flows of $4.3B in Q2 and $29B annually
• ↓P/S ratio of 4.89 versus 2.27 historical average implies overvaluation