Pensions & Investments ranked Baird Asset Management as the No. 1 Best Place to Work in Money Management among managers our size.
The Baird Advisors and Baird Investment Management teams have a passion for delivering competitive, risk-adjusted returns and outstanding service. That deeply held commitment led to another year of strong asset growth during 2014 for our fixed income and equity offerings.
Consistency, continuity and collaboration are hallmarks of our Asset Management businesses. The senior portfolio managers at Baird Advisors have worked in tandem for more than three decades through many fixed income market cycles. Together, they have developed a disciplined approach of adding value over benchmark returns through a proven bottom-up strategy that focuses on quality investments, risk control and competitive execution. The senior equity portfolio managers at Baird Investment Management also have extensive experience and a comparable investment rigor focused on quality investments, low volatility and risk control.
Competitive performance and exemplary service from senior portfolio managers continue to win national and international attention for Baird Advisors and Baird Investment Management. During 2014, both businesses earned additional select list recommendations from well-known consultants and industry platforms, as well as new mandates from corporations, institutions, channel partners, government agencies and individuals. As a result, total assets across Asset Management rose 41% to $31.9 billion during 2014.
Baird Advisors' commitment to the long-term principles underpinning its performance and its strong alignment with the interests of investors helped drive fixed income assets under management to $29.1 billion, an increase of $9 billion or 45% from 2013. For similar reasons, Baird Investment Management also experienced significant growth. In late 2013, Baird Investment Management was selected to manage a major subadvisory relationship using its mid-cap growth strategy. The commitment, valued at more than $500 million, funded in 2014. We also continued to enjoy strong growth in small- and mid-cap value products. Baird Investment Management’s assets under management grew by more than $1.3 billion to $2.8 billion at year-end, an increase of more than 90%.
Investing in people, technology and products to grow and to support growth remains a key priority for Asset Management. We continued to build the equity side of the business with a minority investment in Greenhouse Funds, an independent asset manager whose products include a hedge fund. Our large minority position in RiverFront Investment Group, which has grown to $4.8 billion in assets under management, offers additional equity investment options for clients.