DUFF & PHELPS INVESTMENT MANAGEMENT CO Profile
Duff & Phelps Investment Management Co. is an investment management company based out of Chicago, Illinois. The company can trace its history back to the original firm established by William Duff and George Phelps. The company would thrive acting as portfolio managers for insurance and trust companies and would be formed under its current Duff & Phelps Investment Management name in 1979. Duff & Phelps Investment Management would then create its Duff & Phelps Credit Rating subsidiary, which would be acquired by Fitch in 1994 and continue to expand as an independent company until 2009, when the company was acquired by Virtus Investment Partners. The company currently has 44 employees with half of them being investment professionals. The company conducts its research internally, utilizing quantitative and qualitative analysis methods. Duff & Phelps Investment Management emphasizes investments in the real estate securities and REIT markets, benchmarking its performance against various Barclays and S&P 500 indexes. The company invests most heavily in the utilities and telecommunications sector, which alone makes up over a third of its total asset allocations, and also invests in the real estate, energy, and finance sectors, among others to a lesser degree, in order of decreasing allocation. Duff & Phelps Investment Management currently has $10.7 billion in total assets under management spread across 61 accounts, all of which are discretionary. Although its total number of accounts held has not changed significantly in recent years, its total managed assets has been steadily increasing, growing from $5.8 billion back in 2010 to almost twice that amount today. Duff & Phelps Investment Management mainly caters to investment companies and corporations, each making up over a quarter of its client base, and also caters to a variety of other clientele. The company’s family of funds currently includes its Global Utility Income Fund, Select Energy MLP Fund, and Select Income Fund, among others.