Westwood Announces Strategic Distribution Partnership in Europe
DALLAS, Oct. 19, 2016 (GLOBE NEWSWIRE) -- Westwood Holdings Group, Inc. (NYSE:WHG) today announced that it has signed a distribution agreement with The Cardinal Partners Group (TCPG), a third-party distribution firm focused on intermediary and institutional distribution across Continental Europe.
The agreement with TCPG is Westwood's first direct distribution agreement in Europe, and demonstrates the company's focus on growing its UCITS and separate account capabilities outside of the U.S. Westwood's non-U.S. client base has grown in recent years and this segment is now approximately 20% of overall firm assets under management.
"Westwood is very excited to be partnering with The Cardinal Partners Group to better serve key groups of investors for our UCITS across Continental Europe," said Brian Casey, President and CEO of Westwood Holdings Group. "TCPG has the asset class experience and expertise in
local markets across Europe to best position Westwood's high-conviction equity and outcome-oriented solutions."
This new partnership with TCPG follows Westwood's recent sub-advisory mandate in Europe focused on global convertibles, which has become a core investment capability in recent years as the firm increases its emphasis on delivering outcome-oriented solutions.
Westwood Holdings Group, Inc. provides investment management services to institutional investors, private wealth clients and financial intermediaries. With $21 billion in assets under management (as of June 30, 2016), the firm offers a range of investment strategies including
U.S. equities, Master Limited Partnerships (MLPs), Multi-Asset, Global and Emerging Markets equities, and Global Convertible securities portfolios. Access to these strategies is available through separate accounts, the Westwood Funds family of mutual funds, UCITS funds and other pooled vehicles. Westwood benefits from significant, broad-based employee ownership and trades on the New York Stock Exchange under the symbol "WHG." Based in Dallas, Texas, Westwood also maintains offices in Toronto, Boston, Omaha and Houston.
To learn more about Westwood: www.westwoodgroup.com
To subscribe to Westwood's investment views: http://westwoodgroup.com/our-firm/subscribe/
To connect with Westwood on LinkedIn: http://linkd.in/1tty9mZ
Source: Westwood Holdings Group Inc
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