Acquisition

RNS Number:6299Y
Robeco NV
15 July 2002


                                            White Plains/Rotterdam, 15 July 2002

               ROBECO TO PURCHASE SAGE CAPITAL MANAGEMENT L.L.C.

Robeco announced today that it will acquire Sage Capital Management L.L.C., a 
hedge fund of funds investment manager, based in White Plains, NY, USA. The
terms of the transaction were not disclosed. Sage currently manages
approximately USD 300 million for a combination of high net worth and
institutional investors. Sage, founded in 1994, has a unique, long-standing
performance track record. Robeco, founded in 1929, is one of Europe's most
prestigious asset managers, with assets under management of EUR 104.5 billion.

Sage, which will be renamed Robeco-Sage, will report to a newly formed entity,
Robeco USA, which will also include other U.S. subsidiaries of Robeco involved
in the institutional and high-net worth business. Nassos Michas will head Robeco
USA.

Ronald Tauber, CEO of Sage, commented on the transaction, "We are very excited
about the opportunity to serve as Robeco's center of competence for hedge fund
of funds management as Robeco strives to be a presence in the alternative
investment arena." Robert Friedman and Peter Levy, key principals at Sage,
echoed his sentiment.

Gery Daeninck, CEO of the Robeco Group, said, "We feel this is an excellent
combination. The acquisition of Sage allows Robeco to enter an area of the
market not previously available to our US based clients. Sage will become
Robeco's center of competence for the selection and monitoring of hedge fund
managers for global hedge fund of funds products." Mr. Daeninck added, "with the
creation of Robeco USA, we will be able to offer a comprehensive range of
products and services to institutional clients in the US, where we already have
a significant presence from our prior acquisition of Weiss, Peck & Greer."

Sander van Eijkern, head of Alternative Investments at Robeco added, "After
careful analysis, we are convinced that the acquisition of Sage will contribute
to the realization of our strategic goals in the alternative investment
business." 

Robeco currently manages in excess of EUR 5 billion in alternative investment 
products. Putnam Lovell advised Sage.  Robeco did not retain an investment 
adviser.



About Robeco

Robeco provides discretionary asset management products and services as well as
a complete range of mutual funds to a large number of institutional and retail
clients worldwide. Robeco's range of products encompasses domestic and
international fixed income and equity investments (including global, regional,
sector, country specific, and emerging markets), as well as balanced accounts,
money market funds and alternative investments. 

Robeco distributes its funds for the retail market directly, and through other
financial institutions. Several of its mutual funds, including the flagship
Robeco, are listed on major European stock exchanges such as Amsterdam, Paris,
Frankfurt and London. 

As well as from its headquarters in Rotterdam, the Netherlands. Robeco services
its clients from European offices in Belgium, France, Germany, Luxembourg,
Switzerland, and Spain and US offices in New York (Weiss, Peck & Greer) and
Toledo, Ohio (Harbor Capital Advisors). 

Robeco is the center for asset management with operational independence within 
the Rabobank Group. Rabobank is the only non-government related bank in the 
world rated AAA by all major rating agencies. 

Ronald Florisson, Corporate Communications Robeco 
+31 - 10-224 28 10
+31 - 653-831 586
[e-mail]




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