Systematic Credit

A structured and data-driven approach to fundamental investing in corporate bonds

Why credit?

A pillar in asset allocation, the credit risk premium has historically delivered strong returns, which have been robust across market segments and diversifying relative to equities and Treasuries.

Systematic

Why systematic?

Newer area now more feasible to implement due to recent electronification of these markets. Taps overlooked alpha that is complementary to traditional discretionary approaches.

Why Acadian?

Embraces the firm’s culture of transparency and leverages existing data infrastructure and broader resources. Led by a dedicated team with deep experience in both theoretical aspects and practical implementation of credit.

Investment Process

Robust computation process for each bond and issuer in our benchmark makes use of wide breadth of themes and non-obvious economic relationships

Aims to deliver the credit and interest rate risks of the benchmark while selecting positions that will outperform

A systematic trading approach that is tightly aligned with portfolio construction and focused on minimizing transaction cost

Scott Richardson

Scott Richardson, Ph.D.

Senior Vice President, Director, Systematic Credit
Scott joined Acadian in 2022 as Director, Systematic Credit, leading Acadian's systematic credit strategies. Scott is a Professor of Management Practice in Accounting at London Business School. He is the author of the book Systematic Fixed Income: An Investor's Guide. He also serves as an editor of the Review of Accounting Studies and has published extensively in leading academic and practitioner journals. Prior to joining Acadian, Scott was a principal of AQR Capital Management LLC. Earlier, he was head of credit research at BGI/BlackRock. Scott holds a Ph.D. in business administration from the University of Michigan and a Bachelor of Economics, First Class Honours, from the University of Sydney.

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