Victory Capital Completes THB Asset Management Acquisition
March 01 2021 - 6:00AM
Business Wire
Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital”
or the “Company”) today announced that it has completed the
previously announced acquisition of certain assets of THB Asset
Management (“THB”).
Founded in 1982, THB is based in Norwalk, CT, and will remain in
its current location. With approximately $555 million in equity
assets, as of January 31, 2021, the team manages strategies in the
U.S. micro-cap, small-cap and mid-cap asset classes as well as
international small cap and global small cap portfolios. THB serves
clients in the U.S. and in Europe and Australia through
long-established partnerships with Carolon Capital and Brookvine,
providing Victory Capital with additional offshore distribution
relationships and opportunities.
“THB is an early adopter of socially responsible investment
practices and manages investment strategies in capacity constrained
asset classes in which we have substantial experience,” said David
Brown, Chairman and CEO. “The team has a stellar investment
performance track record. The THB strategies have consistently
outperformed their respective benchmarks over the one-, three- and
five-year periods ended December 31, 2020. We are pleased to
welcome THB as our 10th Investment Franchise.”
Table: THB Investment Performance
THB
Asset Management Peer Rankings and Excess Returns vs. Benchmarks,
as of Dec 31, 2020
Micro-Cap1
Small-Cap2
Mid-Cap3
International Opportunities4
1-Year
Peer Rank (%)
14%
10%
20%
6%
# of Observations in Universe
30
190
70
69
Excess Return vs. Benchmark
+909
bps
+1,037 bps
+646
bps
+1,000 bps
3-Year
Peer Rank (%)
21%
32%
13%
7%
# of Observations in Universe
29
188
70
66
Excess Return vs. Benchmark
+279
bps
+134
bps
+464
bps
+479
bps
5-Year
Peer Rank (%)
12%
23%
19%
2%
# of Observations in Universe
27
176
65
36
Excess Return vs. Benchmark
+395
bps
+162
bps
+284
bps
+916
bps
10-Year
Peer Rank (%)
24%
70%
NA
NA
# of Observations in Universe
18
147
NA
NA
Excess Return vs. Benchmark
+193
bps
-18
bps
NA
NA
Since Inception
Jun 1998
Jan 1992
Feb 2014
Apr 2015
Excess Return vs. Benchmark
+608
bps
+155
bps
+274
bps
+895
bps
Past performance is no guarantee of
future results. Performance results do not reflect the
deduction of investment advisory fees. Returns shown would be lower
when reduced by the advisory fees and other expenses incurred in
the management of an investment advisory account. Advisory fees are
available upon request and also may be found in Part II of Victory
Capital Management Inc.'s Form ADV.
Benchmark Indexes: 1) Russell Microcap; 2)
Russell 2000; 3) Russell Midcap®, and, 4) MSCI World ex-U.S. Small
Cap. 1) Since Inception Index Return is the Wilshire U.S. Micro-Cap
Index from Jun-98 to Jun-00, and Russell Microcap Index
thereafter.
eVestment universe rankings reflect the
following independent category classifications: 1) U.S. Micro Cap
Core Equity; 2) U.S. Small Cap Core Equity; 3) U.S. Mid Cap Core
Equity; and 4) EAFE Small Cap Core Equity.
About Victory Capital
Victory Capital is a diversified global asset management firm
with $146.2 billion in assets under management as of January 31,
2021. The Company operates a next-generation business model
combining boutique investment qualities with the benefits of a
fully integrated, centralized operating and distribution
platform.
Victory Capital provides specialized investment strategies to
institutions, intermediaries, retirement platforms and individual
investors. With 10 autonomous Investment Franchises and a Solutions
Platform, Victory Capital offers a wide array of investment styles
and investment vehicles including, actively managed mutual funds,
separately managed accounts, active ETFs, multi-asset class
strategies, custom-designed solutions and a 529 College Savings
Plan.
For more information, please visit www.vcm.com or follow us:
Twitter and LinkedIn
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210301005204/en/
Investors: Matthew Dennis, CFA Chief of Staff Director,
Investor Relations 216-898-2412 mdennis@vcm.com
Media: Tricia Ross 310-622-8226 tross@finprofiles.com
Victory Capital (NASDAQ:VCTR)
Historical Stock Chart
From Aug 2024 to Sep 2024
Victory Capital (NASDAQ:VCTR)
Historical Stock Chart
From Sep 2023 to Sep 2024