Robeco-Sage storms foreign shores
August 24, 2010
Suzy Kenly Waite
In our Q&A with Jill Schurtz, the former army captain and recently-appointed chief executive of the $1.3 billion fund of funds, talks about her plans to target Asia and other emerging markets.
Four senior executives from Goldman Sachs founded fund of funds firm Sage Capital Management in 1994 with $20 million. In 2002, the firm was acquired by the Dutch asset management conglomerate Robeco Group. The firm now manages 65 times its original capital, with the renamed Robeco-Sage managing $1.3 billion as of July 31, making it an important part of the overall business at Robeco Group, which manages $194 billion.Robeco-Sage Capital, the firm’s flagship global multistrategy fund of funds, was launched in January 1994 and has produced a net annualized return of 8.3% from inception through July 2010. The fund has been up for 13 of the past 16 years, producing minor losses of 1.07% in 1994 and 0.91% in 1998. In 2008, it dropped 22.29%. Last year, the fund rose 11.33% and it is up 52 basis points through July. Altogether, the firm manages seven funds of funds. Under the...
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