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Dedicated U.S. product specialists named for Threadneedle U.S. strategies
LONDON — (May 6, 2008) — Threadneedle, a leading global asset manager based in London, reaffirmed its commitment to the U.S. market through its partnership with RiverSource Investments, by naming two dedicated senior product specialists to focus on increasing Threadneedle's institutional and retail businesses in the U.S.
Michael Robinson and David Wonn, vice presidents and product specialists, are RiverSource employees acting exclusively on behalf of Threadneedle. Both companies are wholly-owned subsidiaries of Ameriprise Financial, Inc. (NYSE: AMP).
Robinson and Wonn are based in the U.S. They work closely with Threadneedle portfolio managers to support the RiverSource wholesaling teams who sell Threadneedle® funds in the U.S. They are also assisting in the development of Threadneedle's U.S. institutional business.
Threadneedle currently manages four U.S. retail funds:
Two additional U.S. retail funds managed by Threadneedle are scheduled to launch later in 2008.
"A fundamental part of our U.S. strategy is to expand our activities in the retail mutual funds and variable annuity markets, both through Ameriprise financial advisors and by promoting the funds to third party financial institutions," said William Lowndes, head of U.S. distribution for Threadneedle. "The hiring of two senior product specialists helps advance Threadneedle's commitment to this strategy. Mike and Dave bring significant experience and knowledge of the U.S. market to our team."
Robinson previously worked for American Century Investments, where he was a vice president and client portfolio manager. Prior to that, he worked for Drexel, Burnham, Lambert Inc., E.F. Hutton and Company, and Merrill Lynch, where he began his career in 1983. He is a graduate of the U.S. Military Academy at West Point.
Wonn previously worked for Invesco's Structured Products Group, where he was a client portfolio manager. Prior to that, he worked for Putnam Investments, MFS Institutional Advisors Inc., and Strategic Investment Group. He began his investment career in 1982 and holds an undergraduate business degree from Duquesne University and an M.B.A. from the University of Pittsburgh. He has earned the CFA® designation.
In 2007, Threadneedle delivered its strongest year ever for U.K. equity investment performance, with 80 percent of equity funds above the median of their respective S&P peer groups at year end. Threadneedle won 2008 U.K. Lipper Fund Awards for Best Overall Group and Best U.K. Equity Group, both in the large category.*
* Data relates to U.K. funds managed by Threadneedle Asset Management Limited, which shares all investment staff with Threadneedle International Limited. These U.K. funds are not available for sale in the U.S.
Threadneedle International Limited, an FSA- and SEC-registered investment adviser that subadvises certain U.S mutual funds managed by RiverSource Investments, LLC, is a subsidiary of Threadneedle Asset Management Holdings Limited. Threadneedle International Limited and its U.K. affiliates operate under the brand name Threadneedle. Threadneedle was founded in 1994 and manages more than $137 billion* of assets, including property, for a wide range of clients including pension funds, insurance companies, private investors, corporations, mutual funds and affiliate group companies. Threadneedle reaches customers in 15 countries, across four continents and has more than 600 staff members in nine locations: United Kingdom, France, Netherlands, Germany, Austria, Switzerland, Spain, Sweden and Denmark.
For more information, visit threadneedle.com.
*As of 12/31/07 for all affiliates that operate under the brand name Threadneedle.
RiverSource Investments develops and manages asset growth, preservation and income solutions that revolve around the needs of today's investors. The firm's specialized investment platform provides access to investment and research professionals located in strategic investment centers in the U.S. and overseas. RiverSource Investments delivers a full range of solutions across the risk return spectrum to retail investors and their advisors and to institutional investors including corporations, pension funds, governments, foundations and endowments. RiverSource Investments employs Threadneedle as a sub-advisor and offers its advisory strategies on a referral basis.
For more information, visit riversource.com.
Ameriprise Financial, Inc., is a diversified financial services company serving the comprehensive financial planning needs of the mass affluent and affluent.
For more information, visit ameriprise.com.
Ryan Lund, Director, Media Relations (612) 671-3459
ryan.s.lund@ampf.com
Stephanie Ramos, Head of Public Relations 44 (0)20 7464 5082
stephanie.ramos@threadneedle.co.uk
You should consider the investment objectives, risks, charges and expenses of a mutual fund carefully before investing. For a free prospectus, which contains this and other important information about the funds, call (888) 791-3380. Read the prospectus carefully before investing.
There is no guarantee that the strategies will be successful.
Investment products, including shares of mutual funds, are not federally or FDIC-insured, are not deposits or obligations of, or guaranteed by any financial institution, and involve investment risks including possible loss of principal and fluctuation in value. Investing in certain funds involves special risk, such as those related to investments in foreign securities, small- and mid-capitalization stocks, fixed income securities (especially high-yield securities), and funds which focus their investments in a particular sector, such as real estate, technology, and precious metals. When discussing one of these funds with clients or prospects, please be sure to discuss the risks specific to each fund.
RiverSource® mutual funds are distributed by RiverSource Distributors, Inc., Member FINRA, and managed by RiverSource Investments, LLC. These companies are part of Ameriprise Financial, Inc.
© 2008 RiverSource Distributors, Inc. All rights reserved.
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