| 2016-10-19 05:12:42|
WHG 05:12 10/19 10/19/16
Westwood Holdings Group announces strategic distribution partnership in Europe
Westwood Holdings Group announced that it has signed a distribution agreement with The Cardinal Partners Group, or 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. 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.