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MFWire: RidgeWorth Funds (formerly, STI Classic Funds)
MUTUAL FUND FAMILY PROFILES [BETA]
To Update this information contact Editors@InvestmentWires.com or call Armie Lee at 212-331-8995 x111.
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RidgeWorth Capital Management, Inc.
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3333 Piedmont Rd.
Suite 1500 NE
Atlanta, GA 30305
Google Maps
Contact
Main Phone: 866-595-2470
Web Site:
http://www.ridgeworth.com/
Mutual Fund Brand(s)
RidgeWorth Funds (formerly, STI Classic Funds)
Research Links
SEC Fund Filings by CIK
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Background:
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On December 16, 2016, publicly-traded, subadvised mutual fund shop Virtus Investment Partners publicly agreed to buy RidgeWorth. The $513-million deal, which would keep key RidgeWorth investment professionals on as shareholders, is expected to close in mid-2017.
RidgeWorth is a private-equity-backed firm that started in 1984 as an investment management arm of SunTrust Banks known as Trusco Capital Management. It became independent in a management-lead buyout backed by Lightyear Capital LLC in 2014.
RidgeWorth has six investment boutiques: Ceredex Value Advisors, Certium Asset Management, Seix Investment Advisors, Silvant Capital Management, StableRiver Capital Management and Zevenbergen Capital Investments.
Sale to Lightyear
On December 11, 2013, SunTrust executives said they would sell RidgeWorth to private equity shop Lightyear Capital and to RidgeWorth employees for $245 million and up to $20 million of incentive payements.
Business Strategy
Since the sale to Lightyear, Ridgeworth has been open to a growth by acquisition strategy. In February 2014, MFWire reported that is looking to buy boutique asset managers.
In January 2014, the firm planned a 30 percent increase of its sales force.
History
Trusco was incorporated in Atlanta in 1984. In March 2008, Trusco changed its name to RidgeWorth and the STI Classic Funds were subsequently rebranded RidgeWorth Funds.
In January 2010, a report surfaced in the media that SunTrust hired Sandler O'Neillto explore a possible sale of RidgeWorth.
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Sponsored Opportunities
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Key People:
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Jim Stueve Stueve Insights | Julia Short Managing Director, President and CEO , Virtus Investment Partners | Ashi Parikh Chairman, CEO, Chief Investment Officer, RidgeWorth Investments | John Stebbins Chief Financial Officer, RidgeWorth Investments | Bob Zakem CCO and General Counsel, RidgeWorth Investments | Joseph O'Donnell Member of the Board of Directors, Atlanta Symphony Orchestra |
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Story Archive for RidgeWorth Capital Management, Inc.
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Published On
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Story Headline
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Publication |
9/12/2017
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Follow the Fundsters - September 12, 2017
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MFWire.com
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8/9/2017
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Filings for Fundsters - August 9, 2017
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MFWire.com
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6/30/2017
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Filings for Fundsters - June 30, 2017
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MFWire.com
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6/2/2017
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Filings for Fundsters - June 2, 2017
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MFWire.com
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5/2/2017
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Three Fund Firm Mergers Near Their Finish Lines
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MFWire.com
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4/7/2017
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Filings for Fundsters - April 7, 2017
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MFWire.com
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3/24/2017
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Vanguard, Nuveen, and Morgan Stanley Win Big in Gotham
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MFWire.com
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2/15/2017
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A Deep Dive Into Fidelity's New Platform
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MFWire.com
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1/27/2017
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Virtus Raises RidgeWorth Cash, and a Hedge Fundster Speaks Out
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MFWire.com
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1/18/2017
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Filings for Fundsters - January 18, 2017
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MFWire.com
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1/13/2017
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Mutual Fund Milestones - January 13, 2017
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MFWire.com
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12/22/2016
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Aylward's Transformational Deal
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MFWire.com
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12/16/2016
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Virtus Buys a PE-Backed Multi-Boutique For $513MM
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MFWire.com
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12/14/2016
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Mutual Fund Milestones - December 14, 2016
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MFWire.com
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10/19/2016
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Aberdeen and OpFunds Win Big in Chicago
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MFWire.com
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3/28/2016
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Fund Directors Will Gather in D.C. Tomorrow
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MFWire.com
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3/23/2016
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101 Fund Families Win in Gotham
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MFWire.com
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3/18/2016
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Post-RidgeWorth, a Manager Tests the Waters Further North
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MFWire.com
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3/8/2016
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RidgeWorth Takes the Liberty to Adopt a Three-Year-Old Fund
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MFWire.com
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2/4/2016
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A RidgeWorth Ally Directly Enters the MF Biz
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MFWire.com
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4/1/2015
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Cap Group, Fidelity, and Pimco Break Out the Champagne
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MFWire.com
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3/27/2015
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And the Winners Are ... Empower, Vanguard, and Many More
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MFWire.com
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10/22/2014
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OppFunds, Putnam, Aberdeen and U.S. Global See STARS in Chitown
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MFWire.com
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6/12/2014
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Transamerica's Stable Value Chief Steps Into Participants' Shoes
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401kWire.com
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6/6/2014
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Pioneer Sells Back Its Stake In a $4.2B Shop
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MFWire.com
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6/2/2014
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The RidgeWorth Deal Is Done
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MFWire.com
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5/15/2014
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Can Neil Hennessy Afford You?
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MFWire.com
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4/4/2014
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After J.P. Morgan, What Other Deals Could 2014 Bring?
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MFWire.com
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3/28/2014
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Want to Get on Buyer's Plates? Consider this Recipe
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MFWire.com
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3/28/2014
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Ridgeworth's Parikh Hungers for More Boutiques
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MFWire.com
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2/12/2014
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RidgeWorth Is Looking for Some Boutiques
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MFWire.com
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2/10/2014
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RidgeWorth Needs a Sales Dozen
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MFWire.com
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1/9/2014
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RidgeWorth Plans 30% Salesforce Expansion
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MFWire.com
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12/12/2013
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What's the Next Chapter For RidgeWorth? Parikh and Stueve Offer Hints
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MFWire.com
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12/11/2013
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SunTrust Sets RidgeWorth Free
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MFWire.com
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6/11/2013
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RidgeWorth Buffing up Client Support
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MFWire.com
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4/24/2013
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A Champion Gymnast Replaces a Poached Marketing Fundster
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MFWire.com
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3/4/2013
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Is Bank Ready to Sell its $48B Asset Arm?
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MFWire.com
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11/5/2012
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A Top RidgeWorth Exec Gets Kicked Upstairs
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MFWire.com
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10/25/2012
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Franklin, Hancock, RidgeWorth and U.S. Global Win Big at MFEA
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MFWire.com
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4/19/2012
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RidgeWorth Helps Advisors Find a Personal Brand
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MFWire.com
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4/2/2012
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RidgeWorth Shutters a Fund
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MFWire.com
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6/20/2011
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RidgeWorth Ramps Up its Retail Sales Team
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MFWire.com
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4/14/2011
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Two New Hires Help RidgeWorth Comply
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MFWire.com
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3/30/2011
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RidgeWorth is in a Mid-cap State of Mind
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MFWire.com
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3/25/2011
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RidgeWorth Moves on Monday
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MFWire.com
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3/9/2011
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RidgeWorth Plans to Shutter a Trio of 130/30 Funds
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MFWire.com
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12/13/2010
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'Wholesalers Wanted' Sign is Up as RidgeWorth Adopts a New Sales Strategy
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MFWire.com
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10/25/2010
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Vanguard and Franklin Win Gold STARs
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MFWire.com
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10/20/2010
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WSJ Spotlights RidgeWorth's Schwartz
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MFWire.com
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10/7/2010
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RidgeWorth Shifts Execs into New Roles
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MFWire.com
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10/4/2010
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Money Funds are in Turmoil
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MFWire.com
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9/15/2010
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RidgeWorth is Moving to a New Home
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MFWire.com
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7/16/2010
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RidgeWorth Win Puts Federated in the Money
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MFWire.com
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6/18/2010
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RidgeWorth's Suitor Walks Away
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MFWire.com
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5/25/2010
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An I-O Firm Powers On its Advisor Benchmarking Support
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401kWire.com
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4/21/2010
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Fiduciary Benchmarks and BrightScope Prep New Capabilities
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401kWire.com
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4/12/2010
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RidgeWorth's Suitor Breaks Silence
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MFWire.com
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4/9/2010
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RidgeWorth Sale Chatter Points to London
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MFWire.com
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4/5/2010
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WSJ Targets Risk-Based Funds
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MFWire.com
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3/25/2010
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T. Rowe, RidgeWorth Bag "Overall" Awards
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MFWire.com
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2/8/2010
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RidgeWorth Flips the Switch on its Retirement Advisor Site
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401kWire.com
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1/4/2010
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Sale Buzz Surrounds a Bank's Mutual Fund Unit
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MFWire.com
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9/4/2009
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Hartford Taps a New Chief 401k Salesman
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401kWire.com
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1/26/2009
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A Midcap Fund Gains Valuable Ink
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MFWire.com
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10/27/2008
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Some Fund Firms' Parents Accept Government Money as Others Ponder Capital Infusion
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MFWire.com
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8/4/2008
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Market Drop Prompts RidgeWorth to Uncork a Fund
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MFWire.com
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4/24/2008
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Newly Rebranded Fund Family Seeks Recognition
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MFWire.com
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3/10/2008
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STI Classic Funds to Get a New Moniker
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MFWire.com
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11/29/2001
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XO Stock KOs Participants
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401kWire.com
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