Robeco-Sage storms foreign shores
By Suzy Kenly Waite
Tue Aug 24, 2010
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
ISSN: 2151-1845 / CDC10004H
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