Ramirez Asset Management fuels success as an agile credit manager with a differentiated approach
NEW YORK–(BUSINESS WIRE)–Due to the steady growth of new mandates and additional assets from existing clients, Ramirez Asset Management, Inc. (“RAM”) exceeded $8.7 billion in assets under management (AUM) as of August 31, 2022, representing a 26% increase in assets since the end of 2021. To support this growth, the company added new members across its investment, risk, systems and client services teams.
During this year, RAM welcomed a wide range of new clients in the areas of public and corporate pensions, corporate treasury, endowments and foundations (E&F), insurance and defined contribution / stable value. In addition, the firm has strengthened its relationships with top institutional investment management consultants.
“Clients continue to be attracted to our firm’s differentiated portfolio construction approach and our consistent and proven investment process. Clients appreciate our willingness to customize their portfolios to meet their specific investment objectives, credit guidelines and, in some cases, our ability to incorporate ESG factors into an investment program,” said Sam Ramirez, Jr. ., President and CEO. “We are focused on meeting each client’s investment needs, providing high quality service and growing our investment staff to achieve client goals. We think RAM, as a boutique asset manager, is a refreshing option in an industry dominated by mega-managers.
RAM’s proven investment approach
All of RAM’s products are managed under a unique investment strategy and philosophy that incorporates the firm’s sector allocation and stock selection process, which has historically resulted in competitive equity-adjusted returns. risk. As a credit-focused fixed income manager with a bottom-up process that generates returns, RAM seeks active relative-value credit opportunities to add incremental yield and total return.
This philosophy is the basis of each of its investment strategies, which include basic, intermediate, stable value, long duration and short duration strategies.
RAM allows its experienced portfolio managers to make meaningful allocations to relative value anomalies they identify. While the business is disciplined by adhering to the overall benchmark duration (+/- 10%), duration and credit quality risk framework, RAM is not risk constrained by the credit segmentation within the benchmark.
“We firmly believe that using our credit expertise through sector rotation and security selection, within a risk-controlled framework, will produce consistent risk-adjusted returns over time,” said Louis Sarno, managing director and portfolio manager of securitized products.
Several of RAM’s strategies use a strategic allocation to the taxable municipal asset class. By using this asset class in combination with U.S. Treasuries and Agencies, Corporate Credit and Securitized Credit, the firm offers an attractive and dynamic multi-sector investment approach that can increase alpha and diversification of the wallet.
RAM results drive demand
Over the past year, RAM’s investment product growth has been reflected in its customized short-duration credit strategies (0-3 and 0-5 year investment mandates) for corporate treasury teams. company and in its composite Core and Strategic Core strategies (0-30 year investment mandates) for public and corporate pension plans and E&F clients. RAM’s long-duration, liability-focused investment composites have also garnered increased interest from public and corporate pension plans.
A track record of attractive risk-adjusted returns accompanies each of these composites, as evidenced by their historical eVestment Alliance rankings. For example, basic strategy is ranked in the 29e percentile and core strategic strategy is ranked in the 5e percentile for the 10-year period ending June 30, 2022. [Please see below for more information concerning eVestment Alliance rankings.]1
“Company pension clients, whose long-term assets are typically overexposed to corporate credit, have attracted our style as an attractive yield and diversification option,” said Sam Ramirez, Jr. We believe the lure of personalization under the leadership of a proven investment team will resonate with others and continue to drive growth in our assets under management.”
About Ramirez Asset Management, Inc.
Founded in 2002 and based in New York, registered investment advisory firm Ramirez Asset Management, Inc. (RAM) is affiliated with Samuel A. Ramirez & Co. Inc., one of the oldest Hispanic investment banks and the best capitalized in the world. in the United States and a leader in the fixed income market. RAM focuses on fixed income asset management for a diverse institutional clientele, including public and private defined benefit and defined contribution plans, Taft Hartley plans, corporations, state and local governments, as well as foundations and endowment funds. The firm’s main investment strategies include Core, Intermediate, Stable Value, Long Duration and Short Duration. For more information, please visit www.ramirezam.com.
1RAM currently subscribes to the eVestment Alliance rankings for a subscription fee. RAM has a reasonable basis to believe that the surveys used by eVestment in preparing their rankings are structured fairly and in a manner that allows participants to provide favorable and unfavorable responses, and are not designed or prepared to produce a predetermined outcome. eVestment ranking data is based on the universe of respondents to these surveys and the accuracy of those respondents. Survey results are subject to revision by all survey respondents. RAM’s flagship and most important strategies, Core and Strategic Core, are referenced here, but the company has a suite of fixed income strategies to suit a range of client investment objectives and goals.