The company achieves new milestones in assets and customers in 2022
NEW YORK, Sept. 21, 2022–(BUSINESS WIRE)–As a result of continued growth in 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, a 26 percent increase in assets since year-end 2021. To support this growth, the firm has added new members to its investment, risk, systems and client services teams.
Over the course of this year, RAM has welcomed a host of new clients in the public and occupational pensions, corporate finance, endowments (E&F), insurance and defined contribution / stable values sectors. In addition, the firm has strengthened its relationships with leading institutional investment management advisors.
“Clients continue to be drawn to our firm’s differentiated approach to portfolio construction and our consistent and proven investment process. Clients appreciate our willingness to tailor their portfolios to their specific investment objectives, credit guidelines and, in some cases, our ability to integrate ESG factors into an investment program,” said Sam Ramirez, Jr., President and CEO To satisfy clients, provide quality service and expand our investment staff to meet client goals. We believe RAM as a boutique wealth manager is a refreshing option in an industry dominated by mega managers.”
RAM’s proven investment approach
All of RAM’s products are managed through the lens of a unique strategy and investment philosophy that incorporates the firm’s sector allocation and security selection process, which has historically resulted in competitive risk-adjusted returns. A credit-focused fixed income manager with a bottom-up, yield-enhancing process, RAM seeks active relative value credit opportunities to generate additional yield and total returns.
This philosophy is the foundation of each of its investment strategies, which include Core, Intermediate, Stable Value, Long Duration and Short Duration.
RAM enables its experienced portfolio managers to make meaningful allocations to relative value anomalies that they identify. While the firm adheres disciplined to the overall benchmark duration (+/- 10%), maturity and credit quality risk framework, RAM is not risk constrained by the credit segmentation within the benchmark.
“We strongly believe that leveraging our credit expertise through sector rotation and security selection within a risk-controlled framework will deliver consistent risk-adjusted returns over time,” said Louis Sarno, managing director and portfolio manager, 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 US Treasuries and Agencies, corporate bonds and securitized loans, the firm offers a compelling, dynamic, cross-sector investment approach that can be used to achieve enhanced alpha and portfolio diversification.
RAM results drive demand
Over the past year, growth in RAM’s investment products has spanned across its tailored credit strategies in Short Duration (0-3 and 0-5 year mandates) for corporate treasury teams and in its Core and Strategic Core (0-30 year mandates). Composites for public and company pension schemes and E&F customers. RAM’s long-duration and liability-driven investing composites are also attracting increasing interest from public and corporate pension plans.
Each of these compositions is accompanied by a track record of attractive risk-adjusted returns, reflected in their historical eVestment Alliance rankings. For example, core strategy is ranked 29thth percentile and the strategic core strategy in the 5thth Percentile for the 10 year period ended June 30, 2022. [Please see below for more information concerning eVestment Alliance rankings.]1
“Corporate annuity clients, whose long-dated assets are typically overweight in corporate bonds, have drawn to our style as an attractive yield and diversification option,” said Sam Ramirez, Jr. “We believe in the appeal of adjustment under the guidance of a proven investment Team will resonate with others and continue to drive our AUM growth.”
About Ramirez Asset Management, Inc.
Founded in 2002 and based 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 Spanish-owned investment banks in the United States and a leading companies in the bond market. RAM focuses on managing fixed income assets for a diverse institutional client base, including public and private defined benefit and defined contribution plans, Taft-Hartley plans, corporations, state and local governments, and endowments and endowments. The firm’s main investment strategies include Core, Intermediate, Stable Value, Long Duration and Short Duration. Visit www.ramirezam.com for more information.
1RAM currently subscribes to eVestment Alliance Rankings for a subscription fee. RAM has a reasonable basis to believe that the surveys used by eVestment in compiling their rankings are fair and structured in a manner that gives participants the opportunity to provide positive and negative answers and are not designed or prepared to achieve a predetermined result. The eVestment Ranking data is based on the totality of respondents to such surveys and the accuracy of those respondents. Survey results may be subject to revision by all survey participants. Reference is made here to RAM’s flagship and most well-known strategies, Core and Strategic Core, but the firm has a range of fixed income strategies to meet a range of investment goals and objectives for its clients.
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