Schroders teams up with Hartford Funds
Schroders has entered into a strategic relationship with US asset manager Hartford Funds, in a bid to expand its presence in the US.
As part of the agreement, Hartford Funds will adopt ten of Schroders’ existing funds, which will now be advised by Hartford Funds, sub-advised by Schroders, and renamed ‘Hartford Schroders Funds’.
The funds, which include equity, fixed income and multi-asset strategies, collectively have $2.2bn (€1.97bn) in assets under management.
Peter Harrison, Group CEO at Schroders comments on the agreement: “ The addition of funds sub-advised by Schroders to Hartford Funds’ investment platform will give investors in the US access to our diverse investment management expertise. This relationship will enable us to build scale in our US intermediary business and accelerate our growth plans in the US market.”
Jim Davey, president at Hartford Funds adds: “This relationship allows us to expand the breadth of our investment capabilities and continue to deliver quality solutions to US investors, both now and in the future.”