Great Place to Work
For the fifth consecutive year, Baird was recognized among Pensions & Investments' Best Places to Work in Money Management.
Over the past five years, assets under management have grown 196% across our businesses.
Imagine a nationally recognized partner with experience and investment consistency you can trust across market cycles.
Our Asset Management businesses' extraordinary growth stems from Baird Advisors' continued strong investment performance and Baird Equity Asset Management's disciplined investing. These teams possess seasoned investment talent, offer consistently managed investment strategies and provide exemplary service to individual and institutional investors. Their senior portfolio managers, who average over 22 years of industry experience, have invested together for many years. This deep experience provides a powerful platform for our teams' collaborative investment approach and long-term client relationships.
During 2016, we continued to invest in our teams and capabilities amid uncertainty in the equity and fixed income markets. This focus contributed to a year of strong results. Across our businesses, total assets under management grew 29% over last year, totaling $51 billion at the end of 2016.
CONSISTENT FOCUS, NATIONALLY RECOGNIZED RESULTS
Baird Advisors, our fixed income asset management team, adheres to a unique philosophy that combines the science of understanding, measuring and controlling risk with the art of adding incremental value to returns. Its senior portfolio managers have invested together for more than three decades. This time-tested approach contributed to a remarkable year of results. Baird Advisors' assets under management grew nearly 30% in 2016, totaling $47.5 billion at year end. Additionally, the business ranked fourth out of all actively managed fixed income mutual fund managers in net new cash flows during 2016, according to Morningstar.
Baird Advisors' municipal bond investment team, which joined Baird in 2015, continues to thrive. This team's addition enhances our ability to continue to provide a broad product offering across taxable and municipal investment strategies.
DISCIPLINE AND STRATEGIC GROWTH
Baird Equity Asset Management employs a similarly disciplined approach. Its investment teams use fundamental, bottom-up research to identify investment opportunities in the United States and overseas while carefully managing risk.
In early 2016, we deepened our global and international equities offerings through the addition of Chautauqua Capital Management. This veteran investment team has a strong long-term track record, and clients welcomed their partnership with Baird. The team launched two new mutual funds and manages over $400 million. In total, Baird Equity Asset Management's assets under management totalled $3.5 billion in 2016 – a 22% increase over 2015.
Baird also has minority investments in Greenhouse Funds, an independent asset manager whose products include a hedge fund, and RiverFront Investment Group, an investment advisor offering equity and fixed income strategies.