TCW Group
 | |
| Private | |
| Industry | Investment management |
| Founded | 1971 |
| Headquarters |
TCW Tower Los Angeles, California, United States |
| Products | Fixed Income, Equity, and International Mutual Funds, Strategies, and Alternative Investments |
| Total assets | $175.3 billion as of 28 February 2015 |
| Owner | Carlyle Group and company management |
| Website |
www |
The TCW Group is an investment management company that offers mutual funds under the TCW and MetWest brands, provides investment management for institutions, endowments, foundations, and high-net-worth individual investors, with a broad array of products in Fixed Income, Equities, International and Alternative asset classes.
History
Founded by Robert Addison Day in 1971 and headquartered in Los Angeles, TCW manages a broad range of investment products. The TCW Group was originally known as Trust Company of the West. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high-net-worth individuals. TCW works in close partnership with Financial Advisors to help build their businesses and meet the needs of their clients.[1]
In 2001, Société Générale (SocGen) acquired a controlling interest in The TCW Group.[2][3]
On February 24, 2010, TCW announced the completion of its acquisition of Metropolitan West Asset Management LLC (MetWest), a leading fixed income investment management firm.[4]
On August 9, 2012, TCW announced a definitive agreement for TCW company management along with global alternative asset manager The Carlyle Group to acquire TCW from Société Générale, which will return the firm to its position as an independent asset manager.[5]
In February 2013, TCW management and alternative asset manager The Carlyle Group acquired TCW Group from Société Générale. As a result of the transaction, TCW management and employees will increase their ownership in the firm to approximately 40% on a fully diluted basis, better aligning interests with clients. Equity for the investment came from two Carlyle investment funds and from TCW management.[6]
As of February 28, 2015, TCW had $175.3 billion of assets under management or committed to management.[7] The Chairman of the Board is Marc Stern.[8]
Operations
The company is based in Los Angeles with offices in New York, Boston, London and Hong Kong.
References
- ↑ The TCW Group, Inc.: About Us
- ↑ "Societe Generale banks on TCW to build its reach in alternatives". Pensions & Investments. April 2001.
- ↑ "French bank takes a stake in trust company". The New York Times. April 2001.
- ↑ The TCW Group, Inc.: Press Release: TCW Completes MetWest Acquisition
- ↑ The TCW Group, Inc.: Press Release: The Carlyle Group and TCW Management to Acquire Asset Manager TCW Group
- ↑ The TCW Group, InC.: Our Partners
- ↑ The TCW Group Inc.: Assets under management
- ↑ TCW: Marc I. Stern