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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
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Robeco | LSE:RBE | London | Ordinary Share | NL0000289783 | ORD EUR1 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
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0 | 0 | N/A | 0 |
RNS Number:3861B Robeco NV 19 September 2002 ROBECO TAKES 60% STAKE IN BOSTON PARTNERS TO FORM ROBECO USA Robeco has acquired a 60% participating interest in Boston Partners Asset Management. Together with Weiss, Peck, and Greer (WPG) and Sage Capital Management, which was acquired earlier this year, Boston Partners will form Robeco USA. This transaction allows Robeco to offer a complete range of products for the US institutional market. The companies' institutional sales activities and customer relationship management will be integrated in the short-term. With this participating interest Robeco has successfully completed its acquisition strategy for the US institutional market. Nassos Michas will be appointed CEO of Robeco USA, a position which he is already holding at WPG. Mike Jones of Boston Partners will head the integrated sales activities. To ensure the continuity of services to clients and consultants, investment styles and processes will remain unchanged and each company will remain responsible for its current investments and clients. Supporting activities will be integrated to the extent possible to realize synergy benefits and cost reductions. The product range of Robeco USA will consist of growth and value equity investments, fixed-income investments and alternatives (such as hedge funds, funds of hedge funds, private equity and venture capital investments). WPG specializes in growth equities, fixed-income instruments, private equity, venture capital and hedge funds, Sage in funds of hedge funds and Boston Partners in value equities and fixed-income instruments. Robeco USA's assets under management amount to approximately EUR 30 billion, some 30% of Robeco's total assets under management. Robeco's product range for institutional clients will also be expanded at a global level as a result of these recent acquisitions. Robeco Alternative Investments (RAI) in Rotterdam and Sage will cooperate closely in selecting managers for Robeco's global funds of hedge funds. Boston Partners's US value products will also be offered to clients outside the US in the near future. Robeco Asset Management (RAM) in Rotterdam is working with Boston Partners on a global value equity product for the European market. Boston Partners was established in 1995 and has USD 9 billion in assets under management, of which 85% in equities investments and 15% in fixed-income investments. Its funds invest exclusively in value securities of US companies. The investment products have outperformed their benchmarks from their introduction. Like Robeco, Boston Partners invests according to a proprietary disciplined investment style, based on a bottom-up selection process, quantitative analysis and fundamental research. This way it assesses no less than 500 large caps. The company has 90 employees, 35 of which own the company. Product range Product Morningstar rating Large Cap value 4 Premium Equity 4 Fixed Income 4 Mid Cap value 4 Small Cap Value 5 Small Cap Value II 5 Balanced 4 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 product range 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 clients from its European offices in France, Belgium, Luxembourg, Switzerland, Germany and Spain, and its US offices in New York, Chicago and San Francisco (Weiss, Peck & Greer), Boston (Boston Partners), White Plains (Sage Capital Management), and Toledo (Harbor Capital Advisors). Robeco is the center for asset management with full operational independence within the Rabobank Group. Rabobank has the highest credit ratings from the major rating agencies. Ronald Florisson, Corporate Communications Robeco +31-10-224 28 10 +31-653-831 586 ronald.florisson@robeco.nl This information is provided by RNS The company news service from the London Stock Exchange END ACQUKVARUSRKAAR
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