Delaware Investments
Delaware Investments was a US-based asset management firm with $174.2 billion in assets under management as of September 30, 2016 [2] with 132 portfolio managers, analysts, and traders. It is a wholly owned subsidiary of Macquarie Group, an Australian global financial services group.
Type | Subsidiary |
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Industry | Financial services |
Founded | 1929 |
Founder | Admiral W. Linton Nelson [1] |
Headquarters | Philadelphia, United States |
Key people |
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Products |
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Number of employees | ~ 500 (2021) |
Parent | Macquarie Group |
Website | https://www.delawarefunds.com/ |
In April 2017, Delaware Investments was rebranded as Macquarie Investment Management, effectively ending the original entity.[3] The US funds continue to be managed under the "Delaware Funds by Macquarie" brand. In 2020, Macquarie Investment Management began acquisition of Overland Park, Kansas based asset manager Waddell and Reed (Ivy Funds). [4]
History
Delaware Investments commenced business in 1929 and introduced its first mutual fund in 1938.
Delaware Investments introduced institutional separate account management in 1972. Its Taft-Hartley business established 1974.
In 1990 Delaware Investments established its International/Global capabilities.
In 2000, Delaware Investments enhanced its the fixed income capabilities and in 2007 it launched Delaware Investments Global Funds plc.[5]
Delaware Investments was acquired by Macquarie Group in 2010[6] and in 2017 became Macquarie Investment Management, a business unit of the group.
References
- "Nelsonfoundationpa.org". Archived from the original on 2011-05-23. Retrieved 2010-02-11.
- Delaware Investments
- "Macquarie Group's Delaware Investments Rebrands as Macquarie Investment Management". Macquarie. April 3, 2017. Retrieved June 15, 2017.
- "Australia's Macquarie to buy Waddell & Reed Financial for $1.7 billion". CNBC. December 2, 2020. Retrieved January 20, 2021.
- "Delaware Investments History". Archived from the original on 2010-07-06.
- "About Macquarie" (PDF). Macquarie Group.
External links
- Official website
- Macquarie Group, Parent Company of Delaware Investments, macquarie.com
- Hoover's Profile of Delaware Investments, hoovers.com