Schroders has reached an agreement to acquire US investment grade fixed income manager STW Fixed Income Management.
The deal, expected to complete in the first quarter of 2013, will boost assets under management in Schroders' US fixed income division by 50% to $35bn. Schroders said STW has delivered "top quartile performance across a broad range of fixed income strategies" on behalf of over 100 institutional clients. "We have been determined in our efforts to partner with a firm that values clients the same way as STW has for over three decades," said STW founder, CEO and CIO William H Williams. "I believe that this transaction is the best decision for STW clients and employees. I look forward t...
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