Schroders acquisition to double US fixed income AUM

Jenna Towler
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Schroders has reached an agreement to acquire US investment grade fixed income manager STW Fixed Income Management.

The deal, expected to complete in the first quarter of 2013, will boost assets under management in Schroders' US fixed income division by 50% to $35bn. Schroders said STW has delivered "top quar...

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