Russell's Transition Management Service Achieves Top Rankings in Industry Surveys
SINGAPORE, MAY 22, 2008 -Russell Investments has earned several industry-leading rankings in the 2008 transition management surveys sponsored by Plan Sponsor magazine and Global Investor magazine. By honoring Russell with numerous “Best in Class” and “Top Marks” awards, the industry has recognized the firm’s global capabilities, focus on risk management and client-centered, interim investment management approach.
Russell won “Best in Class” awards in all four categories in the Plan Sponsor magazine results and won 11 total awards, placing in the top three for transition management providers. For two specific client groups – Investment Managers/Mutual Funds/Insurance and Non-U.S. – Russell swept the “Best in Class” awards across all four categories – pre-trade, execution, post-trade and organization/support.
Concurrent with Russell receiving these awards, several trends are shaping the transition management business and are placing emphasis on critical elements of the transition management process. Rocky market conditions underscore the need for a higher level of risk management, increased international holdings highlight the importance of truly global capabilities and the growing reliance on futures and derivatives call for the most sophisticated understanding of how to manage assets in transition.
“Russell’s transition management team is uniquely prepared to handle the challenges that lie ahead in 2008,” said David Rothenberg, managing director, Russell Investments. “We are honored that those who are using this service – corporate and public, defined benefit and defined contribution, endowments as well as sovereign wealth funds – have once again recognized Russell for excellence in all aspects of transition management.”
Russell also recently received “Top Marks” in every category – for the fourth year in a row – in a transition management survey sponsored by Global Investor magazine. In total, Russell transition management has received 135 industry awards over the past four years.
The transition management services team operates within a larger division at Russell dedicated to helping clients improve their net investment returns by providing efficient implementation tools to multi-manager portfolios, mutual funds and insurance companies. Overlay services, aggregate exposure management, commission management and agency currency execution are a few of the other growing investment services offered.
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Russell Investment Group is a Washington, USA corporation, which operates through subsidiaries worldwide, including Russell Investments, and is a subsidiary of The Northwestern Mutual Life Insurance Company.