Schroders acquires securitised products team managing $4bn for US arm

Combined AUM of $8bn now in ABS

Schroders has acquired Brookfield Investment Management's securitised products investment management team, which has $4bn in AUM, to combine with its New York-based asset-backed securities (ABS) team.

The group said the Brookfield IM team also manage an Irish qualifying investor alternative investment fund (QIAIF), which will become an important part of the firm's extension into alternative investments. Combined with Schroders existing ABS operations, the AUM will total $8bn. The assets will be managed under the Schroders brand, with full access to the firm's asset management platform, economists, research and risk management capabilities. Schroders names Tosato successors amid raft of director changes Schroders said the acquisition will strengthen its investment capability for ...