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Scout forms long-term employment agreements with Reams principals

Mon, 01/09/2014 - 06:26

Scout Investments has entered into long-term employment agreements with key principals of Reams Asset Management up to the end of 2022.

Reams, the fixed income division of Scout, was acquired in November 2010 to diversify its strategy offerings to include both equity and fixed income. At the time of the acquisition, Reams managed just under USD10 billion.
 
As of 30 June 2014, fixed income assets represented USD17.7 billion of Scout’s USD32.4 billion in total assets under management.
 
The Reams investment team is led by Mark Egan, managing director.
 
“Our partnership with Scout has been extremely positive for both parties and we look forward to success in the future,” Egan says. “We continue to focus on providing our clients with high-quality fixed income investment management expertise and the service that they have come to expect.”
 
Reams’ institutional clients include corporations, public pension funds, multi-employer plans, health care organisations, universities, endowments and foundations.
 
“Since the acquisition in 2010, we’ve seen significant growth in assets to our fixed income solutions across our institutional, intermediary, sub-advised and international distribution channels,” says Scout chief executive officer Andy Iseman. “We look forward to continued growth in the future with one of the industry’s most respected fixed income teams.”


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