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.
The PPI has unveiled a policy paper outlining current considerations and policy debates relevant to DC scheme default strategies. Kim Kaveh explores some of its views.
The £30bn local government pension pool has appointed Quoniam and Robeco to manage an active equity portfolio worth around £400m.
The volume of insured buyouts from FTSE 100 defined benefit (DB) schemes could increase from £5bn to £300bn by 2029, according to Lane Clark & Peacock (LCP).