mast image

Special Report

Impact investing

Sections

Robeco back on the US acquisition trail

NETHERLANDS/USA – Rotterdam based investment manager Robeco is buying Ohio based US mutual fund provider, Harbor Capital Advisors, for approximately US$490m (e546m), as part of its US expansion plans.

The Dutch group has reached an agreement with glass and plastic packaging producer Owens-Illinois, which currently owns Harbor, to purchase all assets and liabilities of the US manager and its subsidiaries.

Harbor Capital has a total of US$17bn in assets under management, and a large part of its expertise comes in the outsourcing of investment portfolios to third party managers, or sub-advisers.

“Through Harbor Capital Advisors we can reach a new client segment in the US market and as such substantially broaden our base. Moreover, we think its business model, using only sub-advisers, is an extremely promising concept, which is becoming increasingly popular,” says Pieter Korteweg, chairman of Robeco’s group executive committee.

Harbor Capital Advisors was established in 1983 by Owens-Illinois to advise an internal mutual fund for its employees savings plan assets, 401(k) plans. The funds were made available to the public in 1987.
The company offers twelve investment funds for institutional - mainly 401(k) and other pension plans - and private clients.

Robeco already owns US asset manager, Weiss, Peck & Greer, which currently has US$20bn in assets under management.

Have your say

You must sign in to make a comment

IPE QUEST

Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2548

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 300-400m.
    Closing date: 2019-07-30.

  • QN-2549

    Asset class: Fixed Income, Emerging Market Debt Hard Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 300-700m.
    Closing date: 2019-07-30.

  • QN-2550

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Active).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2551

    Asset class: Fixed Income, Emerging Market Debt Local Currency (Passive or Passive Enhanced).
    Asset region: Emerging Markets.
    Size: CHF 250-350m.
    Closing date: 2019-07-31.

  • QN-2552

    Asset class: Fixed Income, High Yield (Active).
    Asset region: High Yield (US).
    Size: CHF 500-600m.
    Closing date: 2019-07-29.

  • QN-2553

    Asset class: Fixed Income, High Yield (Passive or Passive Enhanced).
    Asset region: High Yield (US).
    Size: CHF 500-1'100m.
    Closing date: 2019-07-29.

  • QN-2554

    Asset class: Global Real Estate (Equity, unlisted Funds).
    Asset region: World (ex-Switzerland).
    Size: CHF 200 mn (potential for further growth).
    Closing date: 2019-08-07.

  • QN-2555

    Asset class: Real Estate.
    Asset region: European.
    Size: EUR 50 - 100 million.
    Closing date: 2019-07-22.

  • QN-2556

    Asset class: FX Hedging.
    Asset region: Global.
    Size: Mandate size of CHF 1.5 bn.
    Closing date: 2019-08-09.

  • QN-2557

    Asset class: All/large Cap Equities.
    Asset region: China A-shares.
    Size: Unit linked platform (0m USD in initial investment).
    Closing date: 2019-08-01.

Begin Your Search Here
<