New global brand – Columbia Threadneedle
Investments – to launch in early 2015
Columbia Management announced that it will rebrand its business
as Columbia Threadneedle Investments in the first half of 2015. The
new global brand will represent the combined capabilities,
resources and reach of Columbia and UK-based Threadneedle
Investments, offering clients access to the best of both firms and
positioning the asset management group for a greater share of
global growth.
Threadneedle has assets under management (AUM) of $150 billion1
and is the fifth largest retail asset manager in the UK2. Together,
Columbia and Threadneedle have $505 billion1 in AUM across
developed and emerging market equities, fixed income, multi-asset
solutions and alternatives. Both firms are owned by Ameriprise
Financial, Inc. (NYSE: AMP), a leading diversified financial
services firm and together form the 30th largest global asset
manager3.
The new brand – Columbia Threadneedle Investments – will
reinforce the strength of both firms in established markets of the
U.S., UK, and Europe and enable the group to grow its presence in
key markets, including Asia Pacific, Latin America and the Middle
East.
The established investment teams, strategies, processes and
legal entities at both firms will not change as a result of the new
global brand. Similarly, existing funds will not change, nor will
existing client portfolios and mandates.
“This is an important and exciting new phase for us. We are
bringing together a combined offering under the Columbia
Threadneedle Investments global brand for the benefit of our
clients and our business,” said Ted Truscott, CEO – Global Asset
Management, Ameriprise Financial. "Columbia and Threadneedle
have been working together for more than two years to increase the
breadth and depth of our offering to clients. Presenting the
combined capabilities of both firms under a single brand is the
natural next step.”
“We are introducing the Columbia Threadneedle Investments brand
to reflect the significant resources and expertise available to our
teams around the globe. By working together we add depth to our
offerings, enabling us to make better investment decisions and
ultimately generate better performance for our clients, and the new
global brand reflects this. Clients around the world benefit from
our combined research ideas and insights, trading techniques and
portfolio strategies,” Truscott said.
“Columbia and Threadneedle share many philosophies and values,
including a commitment to delivering the investment outcomes our
clients expect,” said Colin Moore, Global Chief Investment
Officer. “In a world where financial markets and economies are
increasingly interconnected, being part of a strong global
partnership with our colleagues at Threadneedle is a considerable
advantage. Over recent years we have deliberately fostered an
environment of information sharing and debate between Columbia and
Threadneedle, and I believe the aggregate resource is world class.
While our investment teams remain true to their respective styles
and processes, the sharing of research globally allows us to make
full use of our collective intellectual capital and better inform
our decisions to the benefit of our clients.”
“Columbia and Threadneedle have a shared vision, business
strategy and values, albeit with distinct investment capabilities,
local distribution and unique product offerings,” said Campbell
Fleming, CEO of Threadneedle. “Under the new brand we become a
global group, presenting our combined resources, investment
perspectives and expertise to better serve our clients, both
individuals and institutions, around the world.”
Past performance is not a guarantee of future results. There
is no guarantee that return expectations will be met.
Columbia Threadneedle Investments Key Facts (on an aggregated
basis):
- $505 billion in assets under
management1
- Over 2,000 people and over 500
dedicated investment professionals4
- Locations in 18 countries across North
America, Europe, Asia Pacific and the Middle East
- Investment offices in London,
Singapore, Boston, Minneapolis, New York, Chicago, Portland,
Oregon, and other U.S. locations
- 30th largest global asset manager3,
11th largest manager of long-term funds in the U.S.5, 5th largest
retail manager in the UK2
- 121 funds are Morningstar 4- or 5-star
rated6
1 As of September 30, 20142 IMA as of October 31, 20143 Towers
Watson as of December 31, 2013 – Ameriprise Financial4 As of
December 1, 20145 ICI as of October 31, 20146 Threadneedle
Investments and Columbia Management as of September 30, 2014 (funds
may not be available in all jurisdictions)
About Columbia Management:Columbia Management is a
leading manager of long-term mutual fund assets with $358 billion
under management* as of September 30, 2014. Columbia Management is
a subsidiary of Ameriprise Financial, Inc. (NYSE: AMP). For more
information, please visit columbiamanagement.com. Follow us on
Twitter @ColumbiaMgmt.
About Threadneedle InvestmentsThreadneedle is a leading
international investment manager with a strong track record across
asset classes. We actively manage $150 billion (as at 30 Sept 2014)
of assets, investing on behalf of individuals, pension funds,
insurers and corporations. We are the 5th largest UK retail fund
manager and the 11th largest UK fund manager by AUM. In Europe we
rank in the top 50. Established in 1994 in London, Threadneedle has
a presence in 17 countries.
*$358bn AUM as of 09/30/14 includes assets from Columbia
Management Investment Advisers, LLC and its affiliate Columbia
Wanger Asset Management, LLC.
For each fund with at least a three-year history, Morningstar
calculates a Morningstar RatingTM based on a
Morningstar Risk-Adjusted Return measure that accounts for
variation in a fund’s monthly performance (including the effects of
sales charges, loads, and redemption fees), placing more emphasis
on downward variations and rewarding consistent performance.
The top 10% of funds in each category receive 5 stars, the next
22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5%
receive 2 stars and the bottom 10% receive 1 star. (Each share
class is counted as a fraction of one fund within this scale and
rated separately, which may cause slight variations in the
distribution percentages.)
Of the 121 funds that are 4- or 5-star rated by Morningstar, 54
are Columbia Management mutual funds and 67 are Threadneedle
Investments mutual funds. The Morningstar RatingTM for the Columbia
Management Mutual funds is for class Z shares only; other classes
may have different performance characteristics and may have
different ratings. Class Z shares are sold at net asset value
and have limited eligibility. Columbia Management offers multiple
share classes, not all necessarily available through all firms, and
the share class ratings may vary. Contact us for details.
© 2015 Morningstar, Inc. All Rights Reserved. The Morningstar
information contained herein: (1) is proprietary to Morningstar
and/or its content providers; (2) may not be copied or distributed;
and (3) is not warranted to be accurate, complete or timely.
Neither Morningstar nor its content providers are responsible for
any damages or losses arising from any use of this information.
Investment products offered through Columbia Management
Investment Distributors, Inc., member FINRA. Advisory services
provided by Columbia Management Investment Advisers, LLC.
Adtrax 1093840
For Columbia ManagementRyan Lund,
612-671-3459ryan.s.lund@ampf.comorCarlos Melville,
617-897-9384carlos.melville@ampf.com
Ameriprise Financial (NYSE:AMP)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ameriprise Financial (NYSE:AMP)
Historical Stock Chart
From Apr 2023 to Apr 2024