October 17, 2012
Global Asset Management (NGAM) has reached an agreement to acquire McDonnell
Investment Management LLC. ---
McDonnell, in Oak Brook, Illinois, is investment adviser
with approximately $13.5 billion in assets under management (as of September
30, 2012) for institutions and individuals. The firm is known for its
specialization in fixed-income investment management, offering customized
portfolio solutions employing investment-grade taxable and tax-exempt
strategies to a geographically diversified client base through investment
management consultants and participation on separately managed account
Client portfolio mandates encompass a breadth of
fixed-income strategies including municipal bond, core bond, limited duration,
multi-sector and liability-targeted benchmarks. In addition to separate account
portfolios, the firm sub-advises three municipal bond funds and offers one
private investment fund with an international bond mandate.
As a new NGAM affiliate, McDonnell expands the product range
distributed through NGAM’s global distribution network. NGAM expects to launch
a municipal bond product in early 2013.
More information is available at www.mcdonnellinvestments.com.