Nachfolgend die Original Presseaussendung in englischer Sprache:
Fitch Ratings has today affirmed Schroders Investment Management´s (Schroders) Asset Manager rating at ´M2´. The rating is assigned to Schroders for its asset management activities based in London. The rating does not take into account the management of alternative assets, namely the real estate activities and the hedge fund business handled by New Finance Capital, which the company acquired in 2006.
The rating is based on the Schroders´ independence, long track record and robust financial standing. The rating also benefits from Schroders´ high quality of staff across the board, its solid and well established risk management framework and recognises the company´s sound investment processes supported by high quality research resources. The rating is further based on the manager´s continuing efforts to upgrade investment technology and infrastructure, and realise efficiency gains in the administrative services it provides. However, it also takes into account ongoing challenges in the institutional traditional UK balanced fund business.
Schroders´ ´M2´ rating is based on the following category scores:
- Company & Staffing: 2.00
- Risk Management & Controls: 1.75
- Portfolio Management: 2.25
- Investment Administration: 2.25
- Technology: 2.50
Asset managers under the ´M2´ group have high scores in most areas of assessment. Such organizations are generally stable, well-capitalized investment management companies with a track record of profitability. Organizations at this rating level are run by highly experienced, tenured management teams supported by experienced front-, middle- and back-office staff. The organizational infrastructure includes strong risk management and internal control functions, which are integrated in the day-to-day portfolio management processes. Portfolio management processes are consistently applied and supported with frequent investment analysis and monitoring, forming a disciplined approach for making buy, sell or hold decisions. At this rating level, organizations will have strong investment administration capabilities, as reflected in the level of investor services and the quality of investor reporting. All core processes are supported with integrated technology resources, complemented with good analytical and decision-support tools.
