Schroders to buy STW Fixed Income Management
By Rob Kozlowski | December 17, 2012 12:56 pm
Terms were not disclosed, and Ms. Chrislock would not provide further information.
STW Fixed Income Management had $11.9 billion in assets under management as of Sept. 30, according to a Schroders news release. The acquisition will raise Schroders' U.S. fixed-income AUM to $35 billion.
The acquisition is expected to close in the first quarter of 2013, confirmed a Schroders spokeswoman.