The deal for Boston Partners Asset Management LP was unveiled in July, according to a Dow Jones news report. Terms were not revealed.
Robeco also said that it will merge Boston Partners and investment firm Weiss, Peck and Greer, and the recently acquired Sage Capital Management into Robeco USA.
With the acquisition of Boston Partners Robeco said it now can offer more products for US institutional investors.
Robeco said it has appointed Nassos Michas, who currently heads Weiss, Peck and Greer, as chief executive of Robeco USA. Mike Jones of Boston Partners will lead the integrated company’s sales activities.
Robeco USA.’s assets under management will total around EUR0 30 billion, some 30% of Robeco’s total assets under management.
Boston Partners is a value manager handling roughly $9 billion in assets under management for institutional clients such as pension funds and endowments. Of its holdings, 85% is invested in equities and 15% in fixed-income products