SI

SIT INVESTMENT ASSOCIATES INC

13F
SIT INVESTMENT ASSOCIATES INC
Last update 2024-02-13 533 Stocks (32 new)
Value $4.08 Bil Turnover 12 %
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SIT INVESTMENT ASSOCIATES INC Profile

Sit Investment Associates is an investment management company based out of Minneapolis. The company was established in 1981 by Eugene C. Sit with $1 million in capital and 8 people. Sit Investment Associates would grow and establish Sit Investment Fixed Income Advisors in 1984 to manage its fixed income business and Sit International Investment Associates in 1989 to manage international and global portfolios. The company is largely owned by the Sit family, which, along with the Gail V. Sit Family Trust, make up over three quarters of the total ownership in the company with the remaining ownership split amongst key executives. The company has grown to 73 employees, of which 36 are investment professionals, headed by CEO and CIO Roger J. Sit. Sit Investment Associates utilizes quantitative and fundamental methodologies to make its investment decisions, allocating its assets in fixed income and public equity markets on a global scale. The company invests most heavily in the finance sector, which alone makes up approximately a quarter of its total asset allocations, and also invests in the health care, information technology, consumer discretionary, industrials, and consumer staples sectors, among others to a lesser degree, in order of decreasing allocation. Sit Investment Associates currently holds over $6.6 billion in total assets under management spread across 67 accounts, all of which are discretionary. Although its total number of accounts has somewhat decreased in recent years, its total assets under management has increased, growing significantly from $2.5 billion to well over twice that amount today. Sit Investment Associates caters to a diverse client base including high net worth individuals, pension and profit sharing plans, charities, investment companies, pooled investment vehicles, corporations, and state or municipal government entities, in order of decreasing clientele. The Sit family of mutual funds includes the Developing Markets Fund, Balanced Fund, Quality Income Fund, Dividend Growth Fund, and U.S. Government Securities Fund, among others.
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