DECEMBER 15, 2022
ASB Wins 2022 Best Places to Work in Money Management Award
Washington, DC — ASB Real Estate Investments (ASB) won a 2022 Best Places to Work in Money Management award, announced on December 12, 2022 by Pensions & Investments. This marks the fourth award for ASB, who also won the in 2019, 2020 and 2021.
Presented by Pensions & Investments, the global news source of money management, the 11th annual survey and recognition program is dedicated to identifying and recognizing the best employers in the money management industry.
Among reasons for ASB’s award P&I cited: the company’s entrepreneurial spirit, collaborative work environment, excellent benefits, tuition reimbursement and flexible work arrangements to accommodate family matters.
Robert Bellinger, ASB’s President and CEO, said: “We are extremely proud to be recognized for the fourth consecutive year by P&I as a one of the best employers in money management. I believe a large part of our success is our culture of collaboration. It is extremely satisfying to see our hard-working team members embodying our core values of focus, perseverance, accountability, empathy and social responsibility to deliver attractive risk-adjusted returns for our investors.”
“Pensions & Investments is proud to honor the Best Places to Work in Money Management for the 11th year. A strong workplace culture that supports talent, advocates progress and drives innovation is paramount to driving the best outcomes and these asset managers demonstrate that. Congratulations to the 2022 honorees for fostering healthy and inclusive workplaces in the face of a rapidly evolving and challenging market,” said Chief Operating Officer, Nikki Pirrello.
Pensions & Investments partnered with Best Companies Group, a research firm specializing in identifying great places to work, to conduct a two-part survey process of employers and their employees.
The first part consisted of evaluating each nominated company’s workplace policies, practices, philosophy, systems and demographics. This part of the process was worth approximately 25% of the total evaluation. The second part consisted of an employee survey to measure the employee experience. This part of the process was worth approximately 75% of the total evaluation. The combined scores determined the top companies.
For a complete list of the 2022 Pensions & Investments’ Best Places to Work in Money Management winners and write-ups, go to www.pionline.com/BPTW2022.
About ASB Real Estate Investments
ASB Real Estate Investments (ASB), a division of ASB Capital Management LLC, is a leading U.S. real estate investment management firm with more than $10.0 billion* in gross assets under management from over 300 institutional clients. Headquartered in the Washington D.C. area, ASB invests in major markets across the United States, concentrating in industrial, multifamily, office, retail, and self-storage properties.
About Pensions & Investments
Pensions & Investments, owned by Crain Communications Inc., is the 50-year-old global news source of money management. P&I is written for executives at defined benefit and defined contribution retirement plans, endowments, foundations, and sovereign wealth funds, as well as those at investment management and other investment-related firms. Pensions & Investments provides timely and incisive coverage of events affecting the money management and retirement businesses. Visit us at www.pionline.com
*as of September 30, 2022
Announced on December 12, 2022 by Pensions & Investments, ASB Real Estate Investments (ASB) won a 2022 Best Places to Work in Money Management award. ASB paid a participatory fee to be included in the Pensions & Investments Best Place to Work survey. There was no promise or guarantees, either direct or indirect, in connection with the fee and the selection for the award.
For more information regarding the survey, please see Best Places to Work for more information regarding the survey. The information provided in the release does not constitute an offer to sell or buy securities or the solicitation of an offer to sell or buy securities.
Pensions & Investments worked with a leading workplace expert to produce the 2022 Best Places to Work in Money Management list of top companies.
Best Companies Group, Harrisburg, Pa., undertook a two-step process to develop the list, designed to gather detailed data about each organization. To participate, a firm had to have at least 20 employees in the U.S., have at least $100 million of discretionary, institutional assets under management or advisement and be in business for at least one year.
In part one, the employer completed a questionnaire about the firm’s policies, practices, benefits and demographics. U.S. employment numbers for each firm were then confirmed by Best Companies.
In part two, employees were emailed an engagement and satisfaction survey that consisted of 77 statements. Employees were asked to respond on a 1-to-5 scale of “Disagree Strongly” to “Agree Strongly.” Two questions also were asked: What did the firm do to make it a place where people wanted to work, and what things could the company do to increase employee satisfaction and productivity.
The compiled data allowed Best Companies to determine the strengths and weaknesses of the participating firms. Employee responses accounted for 75% of the total company score, with the employer responses making up the remaining 25%.
For the final step, Best Companies examined the data to verify and finalize the rankings. At P&I’s request, participating firms were ranked against others of similar size.
Assets under management and assets under advisement figures are as of June 30, unless otherwise noted. Company and employee comments from the survey have been edited for space, style and clarity.