According to a statement from Schroders, STW managed, as at the end of September, approximately $11.9bn on behalf of more than 100 institutional clients and has delivered top quartile performance across a broad range of fixed income strategies.
The purchase doubles Schroders’ assets under management in US fixed income to $35bn.
Schroders chief executive Michael Dobson said: “STW’s long-term investment approach and its strong performance track record are an excellent fit.”
