Robeco Group names Michael Abbott CEO of Robeco-Sage

 

                                                      

Robeco Group names Michael Abbott CEO of Robeco-Sage

 

Robeco Group today announced that Michael Abbott has been named CEO of Robeco-Sage Capital, effective January 1, 2007.  Robeco-Sage is Robeco's fund of hedge funds group. 

 

Mr. Abbott assumes the CEO role from Ron Tauber who will remain as a consultant to Robeco-Sage along with the firm's other co-founders, Bob Friedman and Peter Levy.  Mssrs. Tauber, Friedman and Levy recently reached an agreement with Robeco to continue advising on Robeco-Sage's investment process and supporting its client relationships through 2009.  Mr. Abbott will have day-to-day responsibilities for running the business.

 

Robeco also announced that the company has integrated its European and US fund of hedge funds strategies under the Robeco-Sage label with global fund of hedge funds assets of approximately US$ 2 billion.  Robeco-Sage applies a disciplined, multi-strategy/multi-manager approach and has the experience to identify and critically assess hedge fund managers.  The firm has an excellent long-term track record.  Founded in 1994, Sage was acquired by Robeco Group in 2002.

 

"Robeco fund of hedge funds clients will continue to benefit from strong leadership, client focus and a strong asset base," said George Möller, CEO, Robeco Group. "The expansion of the firm's management role reflects the culmination of a well planned succession process.  We are certain that Michael represents the next generation of management who will continue to deliver the excellent investment results that Robeco clients have come to expect."

 

Mr. Abbott said, "I am delighted to join a firm with such a successful track record, client focus and tremendous opportunities.  I look forward to continuing Robeco-Sage's tradition of disciplined hedge fund selection, benefiting from the counsel of the firm's founders and working closely with our parent company in developing product that capitalizes on our ability to access the best managers around the world."

 

Mr. Abbott, spent six years with Goldman Sachs in various leadership roles for the firm's convertibles and structured products groups before leaving in 2002 to found Elysium Capital Group, a macro discretionary hedge fund specializing in foreign exchange.  His experience also includes positions with O'Connor Partners and Swiss Bank Corporation where he had leadership roles in developing business in equity and equity-linked capital markets, and syndicate and corporate derivatives.  A native of London, Mr. Abbott holds a Bachelor of Laws from Kings College London University, and spent the early part of his career as a member of the London Metropolitan Police force.

 

Robeco provides discretionary asset management products and services, as well as a complete range of mutual funds to a large number of institutional and retail clients worldwide. Robeco's product range encompasses fixed income and equity investments, balanced accounts, money-market funds and alternative investments.

 

Robeco distributes its funds for the retail market directly and through other financial institutions. Several of its mutual funds, including the flagship Robeco N.V., are listed on major European stock exchanges such as Amsterdam, Paris, Frankfurt and London.

 

Robeco services its clients not only from its head office in Rotterdam but also from its European offices in Belgium, France, Germany, Spain and Switzerland. In the United States, Robeco has offices in New York (NY), Boston, (MA), Greenbrae (CA), San Francisco (CA) and Toledo (Harbor Capital Advisors). Robeco also has an office in Bahrain and an office in Japan.

 

Robeco is the center for asset management within the Rabobank Group and has full operational independence. The combination of the highest credit ratings from the major international rating agencies and the highest Sustainability Cluster Score within the banking sector reflects the high added value Rabobank has always offered its investors, members, clients and employees.

 

 

Office: (212) 354-6912

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E-mail: scottsunshine@towerspr.com

 

Office: +31 - 10 - 224 28 10

Mobile: +31 - 653 - 831 586

E-mail: ronald.florisson@robeco.com