Reams Asset Management

What Reams Asset Management does

Reams Asset Management is an Indianapolis-based registered investment advisor that has managed institutional fixed income portfolios since its 1981 founding in Columbus, Indiana. The firm operates as a wholly owned subsidiary of Raymond James Investment Management (formerly Carillon Tower Advisers), itself a subsidiary of Raymond James Financial, following the November 2017 acquisition of Scout Investments. The firm is employee-operated with a small institutional team (11-50 employees) and reports approximately $34.4 billion in total assets under management across eight strategy sleeves: Core, Core Plus, Intermediate, Long Duration, Low Duration, Ultra Low Duration, Unconstrained, and Real Return fixed income, plus a Liability Driven Investing sub-service for pension plan sponsors.

The firm's investment process is built on a unified three-step framework: a duration decision grounded in inflation-adjusted interest rate models versus historical norms, sector exposure combining bottom-up issue selection with top-down allocation, and scenario-based security selection to identify bonds that perform best across plausible rate and credit environments. The investment team is organized into three sub-teams covering credit, securitized products, and global rates and currencies, with the firm claiming GIPS compliance and a risk philosophy framed around permanent loss of principal rather than benchmark tracking error.

Reams generates revenue through subscription-style management fees on assets under management, with disclosed highest fees ranging from 0.20% (Low and Ultra Low Duration) to 0.40% (Unconstrained). Distribution is split between direct institutional sales to corporate pension sponsors, public pension funds, multi-employer plans, healthcare organizations, universities, endowments, and foundations, and the Carillon Reams mutual fund family, which extends access globally. Thought leadership is delivered through the Reams Strategy Minute video series, quarterly CIO commentary letters, and an annual investment outlook.

Name

Reams Asset Management

Legal name

Reams Asset Management

Website

https://reamsasset.com

Company type

Private

Founded year

1981

Operating status

Operating

Headcount range

11–50 employees

Short description

Reams Asset Management is an Indianapolis-based institutional fixed income investment advisor founded in 1981, managing approximately $34.4B across Core, Core Plus, Intermediate, Long Duration, Low Duration, Ultra Low Duration, Unconstrained, and Real Return strategies plus LDI services for pension plan sponsors.

Ownership category

akta.pro rank

Product category

Institutional Fixed Income Asset Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399)

SIC

Investment Advice (6282)

akta.pro primary industry

Portfolio Construction & Asset Allocation Advisory (FSAEAAAC)

akta.pro secondary industry

Advisory Portfolio Management (Non-Discretionary) (FSAAABAD)

Keywords

• Fixed income management
• Institutional asset management
• Liability driven investing
• Bond portfolio management
• Pension fund management

Headquarters

HQ city

Columbus

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales

Revenue model

1. Institutional Asset Management Fees: Management fees charged on assets under management for institutional clients. Fees vary by strategy: Low Duration strategies at 0.20%, Long Duration and Intermediate at 0.25%, Core Plus at 0.30%, and Unconstrained at 0.40% of assets under management.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Reams Asset Management is a fixed income investment management firm that manages institutional portfolios across multiple strategies including Core, Core Plus, Intermediate, Long Duration, Low Duration, Ultra Low Duration, and Unconstrained Fixed Income, plus Liability Driven Investing services. Portfolios are managed using a top-down/bottom-up investment process combining duration decisioning, sector allocation, and scenario-based security selection, and are offered through managed accounts and Carillon Reams mutual funds.

Product overview

Reams Asset Management is a fixed income investment management firm offering a suite of seven distinct fixed income strategies managed with a unified philosophy and process. The product portfolio spans from most constrained to least constrained: Core Fixed Income, Core Plus Fixed Income, Intermediate Fixed Income, Long Duration Fixed Income (with Liability Driven Investing sub-service), Low Duration Fixed Income, and Unconstrained Fixed Income. All strategies are managed based on the same philosophy and process, allowing the firm to focus efforts on a model portfolio subject to various constraints (e.g., maturity, quality), rather than managing different products utilizing a variety of approaches. The firm also offers mutual fund access through the Carillon Reams family of funds.

Differentiator

Problem solved

Functional benefit

Products and services

• Core Fixed Income Seeks to maximize total return, minimize risk, and preserve capital using investment-grade, U.S. dollar denominated fixed income securities; core portfolios are high quality and well diversified, generally within +/- 20-30% of benchmark duration. Offered to institutional clients through managed accounts.
• Core Plus Fixed Income Seeks to maximize total return, minimize risk, and preserve capital using all sectors of the fixed income market; well diversified across investment grade, high yield, and non-dollar securities, with duration generally within +/- 20% of benchmark. The firm's largest strategy at $12.5 billion AUM.
• Intermediate Fixed Income Seeks to maximize total return, minimize risk, and preserve capital using investment-grade, U.S. dollar denominated fixed income securities; intermediate portfolios are high quality and well diversified, with duration generally within +/- 15% of benchmark duration.
• Long Duration Fixed Income Seeks to maximize total return, minimize volatility, and preserve capital using all sectors of the fixed income market including high yield and non-U.S. dollar denominated securities; average portfolio duration generally above eight years. Often used by pension plan sponsors as part of a broader LDI strategy.
• Low Duration Fixed Income Seeks to maximize total return, minimize volatility, and preserve capital with a focus on short duration fixed income securities; well diversified portfolios of high quality securities with average portfolio duration of one to three years.
• Unconstrained Fixed Income Seeks to maximize risk-adjusted total return by systematically pursuing relative value opportunities across all sectors of the fixed income market; uses the firm's disciplined investment philosophy and process to identify relative value opportunities.
• Liability Driven Investing (LDI) Helps pension plan sponsors design, execute, and monitor liability-driven investment (LDI) strategies; supports clients' existing relationships with investment consulting and actuarial firms using deterministic, probabilistic, and stochastic models for quantitative risk analysis.

Quantifiable outcome

• Reams Unconstrained strategy delivered 7.87% gross return (1 year) vs 4.25% for ICE BofA 3-Month T Bill Index
• +2 more outcomes

Named customers6 records

Segments7 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Dukas Linden Public RelationsminorOthersPress and media-related inquiries can be directed to Shree Dhond/Doug Allen at Dukas Linden Public Relations, 212.704.7385. This is for press and media-related inquiries only.

Scale indicators11 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Western Asset Management: One of the largest active institutional fixed income managers globally, offering Core, Core Plus, Long Duration, and Unconstrained strategies for pension funds, endowments, and corporate sponsors — directly comparable in client base, product shelf, and active-management philosophy to Reams.
• DoubleLine Capital: Boutique active fixed income shop best known for Core and multi-sector credit strategies; closest analogue to Reams in size, active-management orientation, and institutional client focus.
• Loomis Sayles: Specialist active fixed income manager offering Core, Core Plus, and sector-specific strategies; overlaps directly with Reams on institutional fixed income and mult-sector mandates.
• Payden & Rygel: Employee-owned active fixed income manager offering Core Plus, Low Duration, and Unconstrained strategies to institutional clients — directly comparable in size, ownership structure, and product set to Reams.
• Metropolitan West Asset Management (TCW): Well-known active fixed income franchise covering Core, Core Plus, and Long Duration mandates for institutional clients; directly comparable in investment philosophy and target client segment to Reams.

Broad incumbents

• Pacific Investment Management Company (PIMCO): A global macro credit leader with deep institutional fixed income franchises across Core, Long Duration, and Unconstrained mandates; broader in scale and reach than Reams, but overlapping materially in institutional client base and product philosophy.
• Eaton Vance (Morgan Stanley Investment Management): Diversified active asset manager with a significant institutional fixed income platform (Core, Core Plus, LDI) comparable to Reams, though operating within a much broader multi-asset franchise post-Morgan Stanley acquisition.
• AllianceBernstein (AB) Fixed Income: Large diversified manager with an established institutional fixed income platform spanning Core, Multi-Sector, and LDI strategies, competing for the same institutional mandates as Reams but within a much broader firm.
• BlackRock Fixed Income: Largest asset manager in the world with a massive active and index fixed income platform; competes for the same institutional mandates as Reams, but covers fixed income as part of a global multi-asset franchise.

Emerging players

• Manulife Investment Management (Fixed Income): Growing institutional fixed income franchise with active Core, Core Plus, and LDI capabilities — increasingly competing for the same pension and corporate mandates as Reams and sometimes being shortlisted against it in consultant searches.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/reams-asset-management

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Reams Asset Management