TCW Group
Encyclopedia
The TCW Group is an investment management company that offers various equity
, fixed income
, and alternative (private equity
, mezzanine capital
, energy & infrastructure) strategies to institutional investors institutional and High net worth individual individual investors. The group operates as a subsidiary of SG Gestion.
As of March 31, 2011, TCW had approximately $120.6 billion of assets under management
or committed to management.
In 2001, Société Générale
(SocGen) acquired a controlling interest in the TCW Group. Today, the TCW Group operates as a subsidiary of the Global Investment Management and Services branch of The Societe Generale Group.
On February 24, 2010, TCW announced the completion of its acquisition of Metropolitan West Asset Management LLC (MetWest), a leading fixed income investment management firm.
The company is based in Los Angeles
with offices in New York
and Houston.
Stock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
, fixed income
Fixed income
Fixed income refers to any type of investment that is not equity, which obligates the borrower/issuer to make payments on a fixed schedule, even if the number of the payments may be variable....
, and alternative (private equity
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
, mezzanine capital
Mezzanine capital
Mezzanine capital, in finance, refers to a subordinated debt or preferred equity instrument that represents a claim on a company's assets which is senior only to that of the common shares...
, energy & infrastructure) strategies to institutional investors institutional and High net worth individual individual investors. The group operates as a subsidiary of SG Gestion.
History
Founded in 1971 and based in Los Angeles, TCW manages a broad range of investment products. The TCW Group was originally known as The Trust Company of the West. TCW clients include many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals. TCW works in close partnership with Financial Advisors to help build their businesses and meet the needs of their clients.As of March 31, 2011, TCW had approximately $120.6 billion of assets under management
Assets under management
Assets under management is a financial term used denote the market value of funds being managed by a financial instutition on behalf of its clients, investors, depositors, etc. This metric is a sign of size and success against competition...
or committed to management.
In 2001, Société Générale
Société Générale
Société Générale S.A. is a large European Bank and a major Financial Services company that has a substantial global presence. Its registered office is on Boulevard Haussmann in the 9th arrondissement of Paris, while its head office is in the Tours Société Générale in the business district of La...
(SocGen) acquired a controlling interest in the TCW Group. Today, the TCW Group operates as a subsidiary of the Global Investment Management and Services branch of The Societe Generale Group.
On February 24, 2010, TCW announced the completion of its acquisition of Metropolitan West Asset Management LLC (MetWest), a leading fixed income investment management firm.
The company is based in Los Angeles
Los Ángeles
Los Ángeles is the capital of the province of Biobío, in the commune of the same name, in Region VIII , in the center-south of Chile. It is located between the Laja and Biobío rivers. The population is 123,445 inhabitants...
with offices in New York
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
and Houston.