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June 2, 2016updated 04 Apr 2017 1:26pm

Schroders, Hartford Funds sign partnership deal

British fund manager Schroders has teamed up with US-based asset manager Hartford Funds to accelerate growth plans in the US.

By Verdict Staff

British fund manager Schroders has teamed up with American asset manager Hartford Funds to accelerate growth plans in the US.

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The partnership will allow Hartford Funds to adopt 10 Schroders existing US mutual funds, with plans on to expand the alliance further in the future.

The adopted funds will be advised by Hartford Funds, sub-advised by Schroders, and renamed ‘Hartford Schroders Funds’.

The funds, which include equity, fixed income and multi-asset strategies, collectively have $2.2bn in assets under management.

The move is subject to shareholder approval.

Hartford Funds president Jim Davey said: "This relationship allows us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future. Schroders’ history of product innovation and disciplined investment processes reflect our belief in differentiated, long-term thinking that helps investors meet their financial goals."

Schroders group CEO Peter Harrison added: "The addition of funds sub-advised by Schroders to Hartford Funds’ investment platform will give investors in the US access to our diverse investment management expertise. This relationship will enable us to build scale in our US intermediary business and accelerate our growth plans in the US market."

Hartford Funds provides over 45 funds in a variety of styles and asset classes. The firm oversees $73.6bn in assets.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

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