RS Investments Expands Emerging Markets Capacity with New Hires

SAN FRANCISCO - (BUSINESS WIRE) - RS Investments, a San Francisco-based investment management firm, today announced the addition of 11 experienced investment professionals, who will significantly expand the company's capacity to provide emerging markets investment solutions to clients. RS expects the new team will assume management of the RS Emerging Markets Fund and the RS Greater China Fund in early 2013 (subject to approval by the Funds' board), transitioning from RS Investment's current sub-advisor, Baillie Gifford Overseas Ltd, which will continue to manage some of the firm's other offerings.

"We are intensely focused today on expanding our capabilities to fit our clients' evolving investment needs," said Matthew Scanlan, CEO of RS Investments. "This new group of professionals brings an investment philosophy, experience and client focus that complements our dedicated investment management approach and our strong emphasis on client service. I am delighted to welcome them to our organization."

Mr. Scanlan added, "Baillie Gifford is a respected partner to RS Investments, and we thank them for the impressive performance they have generated for RS' Emerging Market clients. Baillie Gifford will continue to manage two of our developed international funds, RS Global Growth Fund and RS International Growth Fund. We look forward to continuing this successful relationship."