KANSAS CITY, Mo.--(BUSINESS WIRE)--Scout Investments, Inc. (Scout) announced that it has entered into long-term employment agreements with key principals of Reams Asset Management (Reams) through 2022.
Reams, the fixed income division of Scout, was acquired in November 2010 to diversify its strategy offerings to include both equity and fixed income. At the time of the acquisition, Reams managed just under $10 billion. As of June 30, 2014, fixed income assets represented $17.7 billion of Scout’s $32.4 billion in total assets under management.
The Reams investment team is led by Mark Egan, Managing Director. “Our partnership with Scout has been extremely positive for both parties and we look forward to success in the future,” he said. “We continue to focus on providing our clients with high-quality fixed income investment management expertise and the service that they have come to expect.”
Reams institutional clients include corporations, public pension funds, multi-employer plans, health care organizations, universities, endowments and foundations.
“Since the acquisition in 2010, we’ve seen significant growth in assets to our fixed income solutions across our institutional, intermediary, subadvised and international distribution channels,” said Scout Chief Executive Officer Andy Iseman. “We look forward to continued growth in the future with one of the industry’s most respected fixed income teams.”
About Scout Investments
Scout Investments, Inc., a global asset manager headquartered in Kansas City, Mo., manages more than $32 billion in equity and fixed income investment strategies for institutions and individual investors. Scout is the investment subsidiary of UMB Financial Corporation (NASDAQ: UMBF). Please visit scoutinv.com for more information on our firm and our products.
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