Schroders Makes Key Hire for Multi-Asset Growth in Americas and Three-Year Milestone Reached for Schroder Multi-Asset Growth Portfolio Fund
- Appointment shows commitment to Multi-Asset Solutions in U.S. reflecting its strong growth
- Fund provides global tactical allocation through traditional and alternative asset classes
NEW YORK, Jan. 31, 2011 /PRNewswire/ -- Schroders, the $286.1 billion* global asset manager, today announced the hire of Michael Radin, CFA, as a key member of the Multi-Asset Solutions investment team supporting the Americas. Mr. Radin, Head of Multi-Asset Solutions, Americas, will have a functional reporting line to John McLaughlin, Global Head of Multi-Asset Solutions, as well as a local reporting line to Jamie Dorrien-Smith, Chief Executive Officer, Americas. Mr. Radin will be based in New York and will be responsible for working closely with the sales and consultant teams to drive the growth of the multi-asset team's business in the region, serving as the primary investment resource in external business development, as well as servicing existing client activities.
"Michael brings an impressive depth of experience in multi-asset solutions. He is an outstanding choice to provide true value to prospects and clients alike as Schroders continues growing our multi-asset solution market share. His appointment significantly strengthens our dedicated focus on the investment community and fully supports our ongoing efforts to increase investor awareness and understanding of our broad range of investment solutions," said Mr. Jamie Dorrien-Smith, Schroders Chief Executive Officer, Americas.
Three-Year Milestone
Schroders also announced the three-year anniversary for the Schroder Multi-Asset Growth Portfolio (Investor shares: SIDNX, Advisor shares: SALVX, A shares: SALAX). The fund seeks to outperform global equities, but with lower volatility through a combination of 1) exposure to a diversified range of traditional and alternative asset classes 2) dynamic asset allocation across markets in response to changing market conditions and the economic cycle 3) specialist management within the underlying asset classes via investment in proprietary and non-proprietary funds.
Schroders has over $44billion* of multi-asset solutions under management. Its London-based Multi-Asset team comprises over 60 investment professionals including research analysts and fund managers. In the U.S., Schroders' Multi-Asset Growth Portfolio includes traditional and alternative investments and is available through financial intermediaries such as wirehouses, independent broker/dealers and registered investment advisors for retail accounts, as well as through fee-based wrap, retirement and institutional accounts.
"We are delighted the fund has reached its three year anniversary which is a widely recognized milestone within the industry. Since its launch, we have witnessed tremendous growth in the U.S. for multi-asset mandates as more and more investors seek a single solution offering dynamic asset allocation across a range of traditional and non-traditional asset classes, and access to both proprietary and non-proprietary managers. A major impetus driving demand has been the growth within the sub-advised arena, as this type of mandate becomes more accessible to retail investors," added Mr. Dorrien-Smith. Schroders currently has $2.7 billion in multi-asset managed assets across its existing relationships in the U.S. (as of December 31, 2010).
Mr. Radin joins Schroders from Deutsche Bank's asset management division where he held roles of Head of Pension & Portfolio Solutions and Global Head of Quantitative Strategies Product Specialist Team. Previously, Michael worked at both Morgan Stanley, as senior relationship manager for institutional clients and at Chrysler Motors, where he was responsible for asset allocation & strategy, public security managers and risk management for the firm's corporate and trust investments.
*as of September 30, 2010
For further information, please contact: |
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Jennifer Manser, Schroders (New York) |
1-212-632-2947 |
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Jennifer Williams, FD |
1-212-850-5775 |
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Notes to Editors
Schroder Investment Management North America Inc.
Schroder Investment Management North America Inc. is a unit of Schroders plc (SDR.L), a global asset management company with approximately $286.1 billion under management as of September 30, 2010. Our clients include major financial institutions such as banks and insurance companies, as well as local and public authorities, public and private pension funds, endowments and foundations, intermediaries and advisors, and high net worth individuals and retail investors.
Our aim is to apply our dedicated asset management skills in serving the needs of our clients worldwide and in delivering value to our shareholders. With one of the largest networks of offices of any dedicated asset management company and over 330 portfolio managers and analysts covering the world's investment markets, we offer our clients a comprehensive range of products and services.
Further information about Schroders can be found at www.schroders.com/us.
Issued by Schroder Investment Management North America Inc.
Fund Related Disclosures:
All investments, domestic and foreign, involve risks including the risk of possible loss of principal. The market value of a fund's portfolio may decline as a result of a number of factors, including adverse economic and market conditions, prospects of stocks in the portfolio, changing interest rates, and real or perceived adverse competitive industry conditions. Investing overseas involves special risks including among others, risks related to political or economic instability, foreign currency (such as exchange, valuation, and fluctuation) risk, market entry or exit restrictions, illiquidity and taxation. Emerging markets pose greater risks than investments in developed markets. Investments in small and medium-capitalization companies may involve a higher degree of risk and volatility than investments in larger, more established companies. All investments involve risks including the risk of possible loss of principal. The market value of a portfolio may decline as a result of a number of factors, including interest rate risk, credit risk, inflation/deflation risk, currency risk, mortgage and asset-backed securities risk, U.S. Government securities risk, foreign investment risk and derivatives risk. Please see the prospectus for a full description of the risks associated with the funds.
Please consider a fund's investment objectives, risks, charges and expenses carefully before investing. For a free prospectus, which contains this and other information on the Schroder Multi-Asset Growth Portfolio, visit www.schroderfunds.com, call (800) 730-2932. Read the prospectus carefully before investing.
Michael G. Radin, CFA
Head of Multi-Asset Solutions – Americas
Joins Schroders with 19 years of investment experience from Deutsche Bank's asset management division where he held roles of Head of Pension & Portfolio Solutions and Global Head of Quantitative Strategies Product Specialist Team. Prior to this, Michael worked at both Morgan Stanley, as senior relationship manager for institutional clients and at Chrysler Motors, where he was responsible for asset allocation & strategy, public security managers and risk management for the firm's corporate and trust investments. Michael holds a BS in Chemical Engineering from The University of Michigan and a MBA from The Wharton School of the University of Pennsylvania.
Publications:
Pension Risk and the Rise of LDI (2010)
Hedging Liability Risk Factors in a Liability Driven Investing Solution (2010)
Equity Duration – Why Investors Should Think Small (2010)
Understanding & Managing Enterprise – A Strategic Asset Allocation Perspective (2009)
GTAA Manager Performance After Market Crises (2009)
Disclaimer
Schroders has expressed its own views and opinions in this document and these may change.
Performance can go down as well as up and is not guaranteed.
The views and forecasts contained herein are those of Schroder Investment Management North America Inc. and are subject to change. The information and opinions contained in this document have been obtained from sources we consider to be reliable. No responsibility can be accepted for errors of facts obtained from third parties. Reliance should not be placed on the views and information in the document when taking individual investment and/or strategic decisions.
SOURCE Schroders
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