Firm History

Key Dates

1981

Sit Investment Associates was founded, in Minneapolis, by Eugene C. Sit with $1 million in working capital and a total staff of eight. Currently, the firm's managed assets exceed $7 billion and its staff exceeds 70 persons. It is also one of the largest minority-owned advisory firms in the United States.

Sit Mutual Funds was also formed in 1981 with two 100% no-load mutual funds. Today, Sit Mutual Funds include 12 separate mutual funds with assets in excess of $1.6 billion.

1984

Sit Investment Fixed Income Advisors, a separate fixed income management subsidiary, was formed. The subsidiary manages taxable and tax-exempt fixed income portfolios, as well as the fixed income portion of balanced accounts.

1989

Sit International Investment Associates was formed by Sit Investment Associates in joint venture with Andrew B. Kim and the Bechtel organization of California. The firm manages international as well as global portfolios. It has offices in New York and Minneapolis.

1994

Small capitalization domestic growth equity product was introduced by Sit Investment Associates.

1999

Private Investment Funds formed for both taxable and tax-exempt investors. Minimum investment size is $1 million.