Products January 9, 2012

Robeco Investment Management Launches Two Funds

Robeco Investment Management launched two mutual funds.
Reported by

The Robeco Boston Partners Global Equity Fund (BPGRX) and the Robeco Boston Partners International Equity Fund (BPQRX) are based on similar strategies that Boston Partners has offered to institutional investors: Global Equity since 2005 and International Equity since 2007. A total of $60 million of assets are managed by Boston Partners in these two strategies.

Each of the two new mutual funds has been seeded with $10 million by Robeco Group, the Rotterdam-based parent of Boston Partners. Boston Partners is a division of the funds’ investment adviser, Robeco Investment Management.

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The investment objective of the two funds is to provide long-term capital growth. For the Global Equity Fund, at least 80% of its net assets are invested in a diversified portfolio of equity and equity related securities issued by U.S and non-U.S. companies across the capitalization spectrum. The fund may invest in all types of equity securities, including exchange-traded and over-the-counter common and preferred stocks, warrants, options, rights, convertible securities, depositary receipts and shares, trust certificates, limited partnership interests, shares of other investment companies (including exchanged-traded funds (ETFs) and real estate investment trusts (REITs), and equity participations. The International Equity Fund invests in these same types of securities issued by non-U.S. companies.

 

Deals & People January 9, 2012

PAAMCO Names Managing Director Successor

David Weinberger has joined Pacific Alternative Asset Management Company, LLC (PAAMCO) as managing director, head of portfolio management.
Reported by

In this role, Weinberger will initially work alongside PAAMCO co-founder Bill Knight, who heads the firm’s manager research, sourcing and due diligence efforts to identify, evaluate and include optimal managers in the PAAMCO portfolios. Weinberger will take over at the end of the year upon Knight’s retirement.

Weinberger has been a general partner of O’Connor Partners since 1992. Before that he spent nine years at The O’Connor Partnerships, the predecessor to O’Connor Partners, where he headed the Chicago office’s daily operations. He was also responsible for all derivatives-related trading and research. Over the course of his career, Weinberger has also been a managing director at Swiss Bank and later a senior adviser to Swiss Bank and its successor, UBS Investment Bank. Prior to O’Connor, Weinberger was a vice president at Goldman Sachs, where he created proprietary arbitrage trading in equity options and index futures. He also assisted in risk arbitrage, convertible bonds and equity options analysis and trading.

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Weinberger holds a Ph.D. in operations research from Cornell University and an AB in mathematics from Princeton University.

 

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