Schroders Picks Up STW
The deal will increase Schroders fixed-income assets under management by 50 percent
Schroders plc will acquire STW Fixed Income Management LLC, a fixed-income manager.
STW, headquartered in Carpinteria, Calif., manages about $11.9 billion on behalf of more than 100 institutional clients.
After the deal closes, London-based Schroders will have $35 billion fixed-income assets under management, a 50 percent increase. Schroders, an asset-management company, has more than $300 billion under management. The company is making the purchase through its subsidiary, Schroder U.S. Holdings Inc.
The company’s clients include financial institutions, public authorities and pension funds.
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