The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Schroders' Latest Fixed Income Deal May Be Its Last: What's the Common Vision? Not Rated 0.0 Email Routing List Email & Route  Print Print
Monday, December 17, 2012

Schroders' Latest Fixed Income Deal May Be Its Last: What's the Common Vision?

Reported by Tommy Fernandez

Schoders’ [profile] acquisition of fixed income manager STW announced today is all about merging similar philosophies about actively managing investments in the fixed-income markets, according to Schroders' global head of fixed income, Karl Dasher.

Dasher said that he and his colleagues evaluated STW for roughly a year. He added that while Schroders has been focused primarily on growing organically, his firm was open to acquisition opportunities if candidates met the following criteria:

1. The investment professionals in question had a philosophy for operating within their particular markets that was common with Schroders.
2. The candidate and Schroders had common business principles regarding client service and operations.
3. The candidate in question had to have a reasonable business proposition.

In the case of STW, Dasher said the investment philosophy of this shop dovetailed well with Schoders’. For example, both teams believe in active sector rotation and active security selection.

“This is about merging with a team of portfolio managers who have a common vision on how to generate alpha in the fixed income markets,” said Dasher. “We have a common vision for what it will be like in fixed income. This will very much be an alpha story in the next five to ten years."

He said that going forward, “index-orientated strategies are likely to struggle compared to unconstrained and higher-alpha strategies.”

Dasher said that Schoders doesn’t expect to do any more acquisitions in this space. Further growth will be done organically in fixed income.

Once the two teams are integrated, he said the firm will look to develop more strategies and possibly more funds in the future. Having STW’s team increases Schroder’s coverage of such markets as tax aware as well as long and short duration products, Dasher added. 

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2023
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use