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Schroders to acquire US bond fund manager
by Emma Dunkley on Dec 17, 2012 at 15:34
Schroders has announced its subsidiary in the US has acquired value-orientated investment grade bond manager STW Fixed Income Management.
STW manages around $12 billion for more than 100 institutional clients across a broad range of fixed income strategies.
Michael Dobson, chief executive of Schroders said: 'STW's long-term investment approach and its strong performance track record are an excellent fit with Schroders.
‘This acquisition increases our assets under management in US fixed income by 50% to US$35 billion, broadens our product and service platform in fixed income and extends our institutional client base in the US.'
The transaction is set to be completed in the first quarter of 2013.
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