Delaware Investments said Monday that it has adopted the name of its parent, Macquarie Investment Management, to better reflect the firm’s integrated global capabilities.
Macquarie Investment Management, headquartered in Philadelphia, had $257 billion in assets under management worldwide as of Dec. 31 and employs more than 500 people in the Americas.
It is a division of Macquarie Asset Management, a top 50 global asset manager, with $362 billion in assets under management as of Dec. 31.
Macquarie Group Ltd. acquired Delaware from Lincoln Financial Group in 2010. Lincoln Financial owned Delaware Investments from 1995 to 2010.
“Delaware Investments has a long and rich history in the United States,” said Shawn Lytle, head of Macquarie Investment Management, Americas, in a Monday statement. “We are known for high-conviction, active management and taking a long-term view. We’ll continue to embrace that philosophy on behalf of clients, and, importantly, our portfolio management teams will retain the autonomy they have always enjoyed to pursue their areas of specialization.”
Macquarie Investment Management as offices throughout the United States, Europe, Asia and Australia.
— Check out Up Your Risk, Ladies: Delaware Investments on ThinkAdvisor.