TCW GROUP INC

TCW Group INC is a private investment management company that was founded by Robert Addison Day in 1971. The company was originally known as the Trust Company of the West, and would hit over $500 million in total assets under management in under five years of operations. The company would move its headquarters to downtown Los Angeles in 1977 and open a new office in New York in 1979. In the 1980s, the company would continue to expand, opening up new locations in San Francisco, establishing its first high yield bond product and first cogeneration fund, and establishing a separate mortgage backed securities group. The company would move to its current location in 1991 and acquire Dillon Read Intl. Asset Management to facilitate the company’s international growth, opening offices in London and Hong Kong that same year. By 2000, the company would have hit over $79 billion in assets under management, becoming ranked among the fastest growing fund families in the US. TCW Group continued to launch new funds and grow at an accelerated pace. The company now caters to “many of the largest corporate and public pension plans, financial institutions, endowments and foundations in the U.S., as well as a substantial number of foreign investors and high net worth individuals,” and has a total of over $182 billion in assets under management. To make its investment decisions, the company utilizes fundamental research with a bottom up stock selection approach. Most of the assets are invested in U.S. Fixed Income, which alone makes up over 75% of the company’s total allocated assets, with the rest invested in U.S. equities, international and global, and alternative investments, in order of amount allocated. Some of the funds in the TCW family of funds include the Total Return Bond, Core Fixed Income, Global Bond, Relative Value Dividend Appreciation, Global Real Estate, and Developing Markets Equity funds.