International Triathlon Union (ITU) World Triathlon Chicago today announced a partnership with Columbia Management, one of the nation's largest asset managers, that designates the firm as the financial services sponsor of the ITU World Triathlon Series event in Chicago. This year's event takes place June 27-29.
The partnership is in conjunction with a three-year agreement between ITU and Threadneedle Investments, a leading international asset manager and global financial sponsor of the World Triathlon Series. Columbia Management and Threadneedle Investments form the global asset management business of Ameriprise Financial.
ITU World Triathlon Chicago will feature Olympic-caliber elite triathletes and paratriathletes as well as amateur age-groupers all racing in the same venue in and around Grant Park. More than 4,000 athletes will compete in six events contested over two days, beginning in Lake Michigan and ending at Buckingham Fountain.
As part of its sponsorship, Columbia Management will donate 60 race entries to athletes competing on behalf of Dare2tri, a local Chicago paratriathlon club. The entries are valued up to $10,000.
"We are pleased to announce our partnership with ITU World Triathlon Chicago," said Ted Truscott, CEO of global asset management. "Just like the competing triathletes, reaching our performance goals matters at Columbia Management, and how we reach them matters just as much."
"We are pleased to welcome Columbia Management aboard as an official partner of the inaugural ITU World Triathlon Chicago," said Franzi Petermann, Managing Director of the event. "Columbia Management has a long and proud history of delivering for investors, and the emphasis the firm places on the investment process aligns with the goals we have for hosting the best possible event this June."
About Columbia Management: Columbia Management is a leading manager of long-term mutual fund assets with $358 billion under management as of March 31, 2014. Columbia Management is a subsidiary of Ameriprise Financial, Inc. For more information please visit columbiamanagement.com.
About Dare2tri: Launched in 2011, Dare2tri Paratriathlon Club serves youth, adults and injured service members who have a physical disability such as amputation, spinal cord injury, stroke, Spina Bifida and Cerebral Palsy, as well as those with visual impairments or blindness. Dare2tri serves athletes of all ability levels, from beginners to elites. The club is committed to providing adaptive equipment, training opportunities, qualified coaching and support for athletes through access to trained handlers and guides, ensuring that athletes are fully prepared to Dare2tri and inspire others to do the same. Learn more at dare2tri.org.
About ITU World Triathlon Chicago: The City of Chicago joins the ITU World Triathlon Series in 2014 and 2015, including the 2015 ITU World Triathlon Grand Final and Age Group World Championships. One of just eight series events around the globe in 2014, Chicago will welcome 130 of the world's top Olympic-distance triathletes alongside such cities as Auckland, Cape Town, Yokohama, London, Hamburg, Stockholm and Edmonton. In addition to the elite races, the event features top-flight Olympic- and sprint-distance age-group races, as well as two relay options, offering amateurs the chance to compete in the same epic venue as the world's best athletes. Launched in 2009, the ITU World Triathlon Series is televised in more than 160 countries. Visit chicago.triathlon.org for more information.