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schroders buys us value orientated fixed income

17 Dec 12

Schroders has bought US-based STW Fixed Income Management, a value oriented US-based investment grade bond manager.

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.”
 

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