Robeco’s multi-manager subsidiary completes management buyout

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Corestone Investment Managers has agreed a management buyout from its parent company Robeco.

The multi-manager, multi-asset firm said last week that it was fully independent and employee-owned.

Being no longer part of the Robeco Group would enable Corestone to pursue business opportunities in market segments and geographies outside of its former parent’s strategic scope, the company said in a statement.

It added that it would also be able to improve its processes, staffing and in-house analytical platform.

Martin Mlynár, chief executive and co-founder of Corestone, said that “more than 10 years of successful co-operation with Robeco had allowed it to build the most desired fiduciary pension fund serving platform in the Dutch market”.

He continued: “On the one hand, we are looking forward to continuing our successful strategic co-operation in responding to the shifting dynamics in the Dutch pension fund market.

“At the same time, we will start to leverage our highly experienced and skilled people as well as our process and tools, in offering our range of services in additional markets in Europe and beyond.”

Corestone said the buyout would not change the operating model of Robeco’s fiduciary business in the Netherlands.

It said it would continue operating as a multi-manager provider offering integrated fiduciary mandates, and would keep co-operating closely with Robeco in this market.

Swiss-based Corestone focuses on external manager research and selection as well as portfolio construction. It was founded in 2007 and has €31bn of assets under management.

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