NationsBank Forms TradeStreet Investment Associates, Inc. to Focus on Institutional Investment Management

Strategic Insights -

NationsBank, a significant player in the US financial industry, has announced the creation of TradeStreet Investment Associates, Inc., a subsidiary dedicated to serving the institutional marketplace. With over $30 billion in initial assets under management, TradeStreet is poised to become a major force in investment management, offering a range of domestic investment products across equities, fixed income, and money markets. The company will operate with a team of nearly 75 investment professionals, managed by President Andrew M. Silton, a seasoned executive with a background in investment strategy.

Key Takeaways:

  • TradeStreet Investment Associates, Inc. is a wholly owned investment management subsidiary of NationsBank, dedicated to serving the institutional marketplace.
  • With initial assets under management of over $30 billion, TradeStreet is expected to become a dominant player in the investment management business.
  • The company will offer a variety of well-structured domestic investment management products for institutional investors, including equities, fixed income, and money markets.
  • TradeStreet will serve as investment adviser for NationsBank Trust and Investment Management and its commingled funds, as well as for separately managed accounts.
  • The company will also serve as investment sub-adviser for Nations Fund, a family of mutual funds advised by NationsBank.
  • TradeStreet is expected to operate with a team of nearly 75 dedicated investment professionals, managed by President Andrew M. Silton.
  • TradeStreet will offer clients multiple solutions for their financial objectives, including portfolio management, financial analysis, investment counseling, and employee benefit plan services.

Statistics:

  • Initial assets under management: over $30 billion (Nov. 1995)
  • Number of investment professionals: nearly 75 (as of Nov. 1995)
  • TradeStreet's expected role: investment adviser for NationsBank Trust and Investment Management and its commingled funds, including separately managed accounts.
  • TradeStreet's expected role: investment sub-adviser for Nations Fund, a family of mutual funds advised by NationsBank.

Sources:

  • "NationsBank Forms TradeStreet Investment Associates, Inc. to Focus on Institutional Investment Management," PRNewswire, Nov. 15, 1995.
  • Jackie Herold, NationsBank, 704-386-8146 (contact information).