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Schroders Completes Acquisition Of US Fixed Income House
Sally Ling
4 April 2013
Schroder US
Holdings, a subsidiary of
Schroders, has completed the acquisition of STW Fixed Income Management, a US investment-grade fixed income manager.
“This
acquisition accelerates our strategic ambitions in the US by adding
top-quartile capabilities in unconstrained taxable and tax-aware strategies
across the duration spectrum. We also deepen our talent base in an investment
market that is critical to our success globally,” Karl Dasher, head of fixed income
at Schroders, said in a statement. STW had $11.6 billion in assets under management
at 31 December 2012.