EUROPE/US - US value managers Boston Partners Asset Management is to offer its products to institutional investors outside the US in the near future, following a deal with Rotterdam-headquartered Robeco.
Robeco has just acquired a 60% stake in Boston Partners as the final leg of its US institutional shopping spree. Together with US growth and alternatives manager Weiss, Peck, and Greer (WPG) and hedge fund of funds manager Sage Capital Management, which was acquired earlier this year, Boston Partners will form Robeco USA. The companies' institutional sales activities and customer relationship management will be integrated in the short-term.
Robeco Asset Management (RAM) in Rotterdam is already working with Boston Partners - which has US$9bn under management - on a new global value equity product for the European market. No further details were provided. Robeco and Sage are also selecting managers for Robeco's global funds of hedge funds.
Nassos Michas will be appointed chief executive officer of Robeco USA, a position which he is already holding at WPG. Mike Jones of Boston Partners will head the integrated sales activities.
Robeco USA's assets under management now amount to around E30bn, some 30% of Robeco's total assets under management.
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