A 22-year-old, institutional fixed income asset manager in Gotham has crossed into 11-figure territory after capabilities and distribution expansions last year via several key moves.

Samuel Alfred "Sam" Ramirez, Jr. Ramirez Asset Management President, CEO

Sam Ramirez, Jr., president and CEO of Ramirez Asset Mangement, Inc. (RAM), revealed on Wednesday that the New York City-based firm's AUM is now above $10 billion, up more than 40 percent since 2021. RAM is affiliated with Samuel A. Ramirez & Company Inc., whose team lays claim to being "one of the oldest and best-capitalized Hispanic-owned investment banks in the U.S."

The AUM milestone comes after several big 2023 milestones for RAM. Last December, the firm entered the mutual fund space with the debut of its first two mutual funds.

And last summer, RAM entered the equity investing space by acquiring Chicago-based Thomas White International [profile], a value equity specialist with a team powering $600 million in assets. That deal closed on July 31, bringing nine new team members to RAM, including TWI president Doug Jackman, who serves as a managing director and portfolio manager at TAM. (TWI chair Wei Li retired two months before the deal closed.)

Ramirez puts RAM's AUM milestone in the context of the firm's "time-tested investment process and solid track record in multiple asset classes through several market cycles."

"We are, as ever, focused on meeting each client's needs by developing our teams thoughtfully and with an eye on diversity," Ramirez states. "In 2024, we will continue to execute on our growth strategy and meet our clients' investment needs with professionals dedicated to the highest level of client service."

"As RAM celebrates this milestone, we thank our long-standing clients for their continued commitment," Ramirex adds. 

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