On May 16, 2016, Bloomberg reported that Schroders Plc is adding a group of almost a dozen people from Brookfield Investment Management to its asset-backed securities team in New York.
The team from Brookfield Investment Management (“Brookfield”), led by Michelle Russell-Dowe, oversees more than $4 billion in assets, focusing primarily on asset-backed securities and mortgage-backed securities. The combined Schroders-Brookfield team will oversee more than $8 billion in assets. Terms of the deal were not disclosed. The deal is expected to be completed in the third quarter.
Schroders Plc (“Schroders”) is Europe’s largest publicly traded fund manager.
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