Transamerica Investment Management, LLC (TIM) is an asset management arm of Transamerica Corporation. The firm primarily provides its services to individuals, typically high net worth individuals. It also manages accounts for banking or thrift institutions, investment companies, pension and profit sharing plans, charitable organizations, corporations, and state or municipal government entities. The firm manages separate client-focused equity, fixed income, and balanced portfolios. It also manages mutual funds for its clients. The firm invests in the public equity, fixed income, and alternative markets of the United States. The firm also invests in convertible securities markets. It invests in growth and value stocks of micro-cap companies with market capitalization between $10 million and $300 million, small-cap companies with market capitalization between $100 million and $3.0 billion, mid-cap companies with market capitalizations between $1.0 billion and $10.0 billion and large-cap companies with market capitalization greater than $5.0 billion to make its equity investments. The firm benchmarks the performance of its equity portfolios against the S&P 500 Index and Russell Indices. The firm typically invests in investment grade high-yield corporate bonds and mortgage backed securities to make its fixed income investments. It benchmarks the performance of its debt portfolios against the Merrill Lynch Indices, Lehman Brothers Indices, and T- Bills Index. It utilizes a combination of its equity and fixed income strategies to manage its balanced portfolios. The firm employs a combination of a top-down and a bottom-up stock picking approach to create its portfolios. The firm also uses a fundamental and a quantitative analysis to make its investments. It conducts in-house research to make its investments. The firm was formerly known as Transamerica Investment Services. Transamerica Investment Management was founded in 1967 and is based in Los Angeles, California with additional offices in Dayton, Ohio; Denver, Colorado; Fort Worth, Texas; and Los Angeles, California.