Dietz Award

Boston, January 31, 2018 – Acadian Asset Management LLC, a leader in active global and international investing, is proud to announce that Vice President Daryl Bradford has been honored with The Dietz Award for Excellence in the Field of Performance Measurement Literature for Paper of the Year. The paper, “Performance Drawdowns in Asset Management: Extending Drawdown Analysis to Active Returns,” considers several possible methodologies for calculating active drawdown and addresses some of the benefits and shortcomings of each.  The paper is co-authored by Dan Siliski of Boston Partners. 

The Dietz Award recognizes the most exceptional contribution to the body of knowledge in the field of performance measurement over the last year, as chosen by the editorial board of the Journal of Performance Measurement. Previous winners include former chairman of Goldman Sachs Asset Measurement’s quant group, Robert Litterman, U.S. Trust’s former Head of Institutional Investment Guidance, Stephen Campisi, and Jose Menchero, Head of Portfolio Analytics Research at Bloomberg.

“We’re very proud of Daryl Bradford’s work in the field of performance measurement and recognize him for this well-deserved honor,” said Ross Dowd, Co-CEO at Acadian. “Not only is Daryl an integral part of our team here at Acadian, he’s a leader among his peers in the field of performance measurement.”  

The award is named in honor of Peter O. Dietz, whose work “Pension Funds: Measuring Investment Performance” provided the basis for the first performance measurement standards in the industry, published by the Bank Administration Institute in 1968. Mr. Dietz also developed the well-known Modified Dietz Method and other formulas to calculate rates of return, which are still widely used today.  

About Acadian Asset Management LLC

Acadian Asset Management LLC invests on behalf of institutional investors such as pension funds, endowments, governments and foundations, as well as individual investors. As of March 31, 2018 the firm managed over $99 billion. The firm uses an innovative array of disciplined, quantitative investment techniques and analytical models for active investment decisions. Acadian’s strategies include multi-asset, managed volatility, emerging markets, global equity, small-cap, long/short, market neutral, and non-US equity strategies.  For more information on Acadian, please visit