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Pendal Group, Parent Company Of J O Hambro Capital Management, Doubles U.S. Assets With Acquisition Of Virginia-Based Value Manager Thompson, Siegel & Walmsley LLC; John Reifsnider Named CEO Of Pendal USA

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BOSTON, May 9, 2021 /PRNewswire/ Pendal Group Limited (Pendal), parent company of J O Hambro Capital Management Limited (JOHCM), today announced that it has entered into an agreement to acquire 100% of Thompson, Siegel & Walmsley LLC (TSW), a Virginia-based value investment manager, for $320 million.
Established in 1969 and headquartered in Richmond, VA, TSW operates primarily in long-only equity (U.S. and International), with $23.6 billion of assets under management.
1 The deal will more than double assets under management by Pendal s U.S. business, which will increase from $21.1 billion to $44.7 billion.
2
Pendal Group CEO, Nick Good, said, This is a compelling opportunity to acquire a highly successful complementary business, which will create immediate value and facilitate our growth opportunities in the US market. This acquisition significantly broadens the range of product solutions we can offer clients via an ....

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Pendal's FUM hits $101.7b | Money Management

“Only the Westpac Legacy book and the OIECs experienced net outflows, and the level of outflow among the OEICs was markedly reduced,” Pendal’s chief executive, Nick Good, said.
“Importantly, we are now seeing a significant improvement in investment performance across the business, with many of our key strategies in the top quartile over the past year. Also of note is the strong flows into our recently launched Regnan Global Equity Impact Strategy,” he added.
As at 31 March, 2021, the status of Pendal Australia’s performance fees for the performance year ending 30 June 2021 stood at $16.8 million and the company stated that its performance fees would not be determined until the end of the performance period and would remain highly variable until that time. ....

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