Acadian Asset Management LLC Purchases Shares of 97,499 Yiren Digital Ltd. (NYSE:YRD)

Acadian Asset Management LLC is a financial services company based in Louisiana, United States. The company provides investment management services to institutional clients such as pension funds and endowments.

On August 19, 2021, Acadian Asset Management LLC announced that it had purchased approximately 97,499 shares of Yiren Digital Ltd. (NYSE: YRD) for an undisclosed amount. Yiren Digital Ltd. is a Chinese financial technology company that provides digital banking and wealth management services to individuals and businesses in China.

The acquisition by Acadian Asset Management LLC represents a strategic investment in the rapidly growing fintech industry in China. The company's purchase of Yiren Digital Ltd.'s shares indicates its confidence in the potential for growth and profitability of the Chinese fintech market.

Acadian Asset Management LLC has a long history of investing in emerging markets, including China. The company has previously invested in other Chinese companies such as China National Chemical Corporation (NYSE: CHEM) and China Southern Airlines Co., Ltd. (NYSE: LVS).

Yiren Digital Ltd.'s shares have been trading on the New York Stock Exchange (NYSE) since July 2019. The company's stock price has seen significant growth in recent years, with its share price increasing from $35.87 in January 2020 to $64.50 in August 2021.

Overall, the acquisition by Acadian Asset Management LLC of Yiren Digital Ltd.'s shares represents a strategic investment in the Chinese fintech market and highlights the growing interest in this industry among institutional investors.