ATLANTA--(BUSINESS WIRE)--Responding to strong demand from overseas investors, EARNEST Partners is pleased to announce the launch of an offshore vehicle to meet such demand. The UCITS will offer European, Asian, and other non-U.S. investors the ability to easily access a suite of EARNEST Partners’ equity strategies. The firm has been managing equities since 1999.
The UCITS is domiciled in Ireland, where the Central Bank of Ireland is the regulatory authority with responsibility for authorizing and supervising the UCITS.1
When asked about the opportunity that this presents, Paul Viera, the founder and CEO of the firm stated, “We seek to offer vehicles to clients that provide regulatory oversight as well as economies of scale. The UCITS structure is seen by investors as possessing important investor protection, regulatory, and disclosure characteristics. As a global firm with investments around the world, I am pleased to expand access to those opportunities.”
The UCITS, EARNEST Partners Global Funds plc. is structured as a Self-Managed Investment Company. State Street Fund Services (Ireland) Limited is the Administrator and State Street Custodial Services (Ireland) Limited is the Custodian.
About EARNEST Partners
EARNEST Partners is an independent, employee-owned asset management firm currently advising on more than $20 billion in assets for clients around the world. EARNEST Partners manages portfolios for more than 300 clients including corporations, government pension funds, jointly-trusteed plans, endowments and foundations. The firm is also engaged in sub-advisory relationships with a number of global financial institutions. We offer a variety of competitive equity and fixed income products across the respective market cap and duration spectrums. Our investment approach is long-term oriented and focuses on the merits of individual securities when making investment decisions. EARNEST Partners is headquartered in the U.S. with additional offices in China and Brazil.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors including investment servicing, investment management and investment research and trading. With $27.4 trillion in assets under custody and administration and $2.3 trillion in assets under management* at December 31, 2013, State Street operates in more than 100 geographic markets worldwide, including the U.S., Canada, Europe, the Middle East and Asia. For more information, visit State Street’s web site at www.statestreet.com.
1 The UCITS is both authorized and supervised by the Central Bank. The authorization of the UCITS by the Central Bank does not constitute a warranty as to the performance of the UCITS and the Central Bank is not liable for the performance or default of the UCITS or any fund of the UCITS. The authorization of the UCITS is not an endorsement or guarantee of the UCITS by the Central Bank.