NEW YORK--(BUSINESS WIRE)--Assets under management (AUM) at Ramirez Asset Management, Inc. (“RAM”) now surpass $10 billion, a rise of more than 40 percent since 2021, with growth attributed to mandates from new clients, new products and add-on funding.
The following helped propel the firm’s robust growth:
- Performance and client service, which drove consistent growth in RAM’s fixed income products.
- The acquisition of Thomas White International, a seasoned value equity manager based in Chicago, diversifying RAM’s product offering into equities.
- The launch of the firm’s first two mutual funds, opening access to RAM’s products to new client types: Ramirez Core Bond Fund (Retail: RAMRX; Institutional: RAMIX) and Ramirez Government Money Market Fund (Retail: RMZXX; Institutional: RAMXX).
“Our institutional clients have benefited from our time-tested investment process and solid track record in multiple asset classes through several market cycles.” said Sam Ramirez, Jr., RAM President and CEO. “We are, as ever, focused on meeting each client’s investment needs by developing our teams thoughtfully and with an eye on diversity. In 2024, we will continue to execute on our growth strategy and meet our clients’ investment needs with professionals dedicated to the highest level of client service.”
“As RAM celebrates this milestone, we thank our long-standing clients for their continued commitment. We look forward achieving future milestones while sticking to our core values,” added Ramirez.
About Ramirez Asset Management, Inc.
Founded in 2002 and headquartered in New York City, registered investment adviser Ramirez Asset Management, Inc. (RAM) is affiliated with Samuel A. Ramirez & Co. Inc., one of the oldest and best-capitalized Hispanic-owned investment banks in the U.S. and a leader in the fixed income market. RAM is focused on fixed income and equity asset management for a diverse institutional client base, including public and private defined benefit and defined contribution plans, Taft Hartley plans, corporations, state and local governments, as well as foundations and endowments.
Past performance is no guarantee of future results.
For more information on the firm and our investment strategies, please visit www.ramirezam.com. For more information on our mutual funds, visit https://www.ramirezam.com/funds. To request information on the firm’s 1-, 5-, and 10-year net returns, please email clientservice@ramirezam.com
