UCM Launches Core Fixed Product - BlackRock Subadvisor for Portion of Strategy
Two Investment Firms Combine Expertise to Manage New Core Fixed Income Strategy
NEW YORK, Sept. 30 /PRNewswire/ -- UCM Partners (UCM) announces today it has launched its next generation Core Fixed Income Strategy along with BlackRock that currently has approximately $200 million in assets under management (AUM). In this direct sub-advisory relationship, UCM is responsible for managing the securitized debt portion of the strategy and BlackRock is responsible for managing the government and credit portions of the strategy.
UCM and BlackRock bring diverse and complimentary expertise to this new product. UCM, a private, minority-owned fixed income investment firm with approximately $1.7 billion in AUM, has more than 13 years experience managing Core Fixed Income separate accounts for institutional investors. BlackRock, a leading registered investment advisor with more than $3 trillion in total AUM, brings extensive fixed income investment experience, expertise and resources to enhance UCM's fixed income investment solution for investors..
UCM currently is a subadvisor to BlackRock on BlackRock's Public Private Investment Fund initiated by the U.S. Treasury in 2009, in which UCM provides securitized debt investment management services to BlackRock. "UCM Partners is thrilled to build on the success of BlackRock's PPIP fund launched last year by launching a new product with the invaluable participation of such an outstanding organization. The launch of this Core Fixed Income Strategy allows us to continue to add value for our clients through innovative solutions. UCM looks forward to continuing to grow this unique relationship with BlackRock," says Greg Parsons, Chief Executive Officer of UCM .
The securitized debt portion of the Strategy, consisting of mortgage-backed, commercial mortgage-backed and asset-backed securities is managed by UCM's, Chief Investment Officer, Jay Menozzi, CFA and Portfolio Managers Boris Peresechensky, CFA and Vesta Marks, CFA. This Strategy is currently available in separate account mandates, with an expected near term launch of a commingled fund offering..
About UCM Partners
Founded in 1992, UCM Partners is an MBE certified and SEC registered private, minority-owned boutique investment advisory firm and an independent provider of fixed income investment management to the institutional and wealth management investment community. Headquartered in New York City, the firm also has offices in Orlando and Philadelphia. For more information, please visit www.ucmpartners.com
SOURCE 57th & Irving Productions
Share this article