SHERMAN OAKS, Calif.--(BUSINESS WIRE)--June 2, 2003-- Nine High Quality Investment Managers Now Available to Clients With Launch of New GE Multiple Strategy Portfolios GE Private Asset Management (GEPAM), GE Financial's rapidly growing managed account provider, announced today significant enhancements to its manager lineup.
With the recent introduction of the new GE Multiple Strategy Portfolios program, seven new managers have been added to the separate account platform and two have expanded their role to focus on a wide spectrum of asset classes and styles. These new additions round out the high quality roster of institutional managers provided by GEPAM to individual separately managed account investors through its investment professional clients.
These recent moves are part of GEPAM's long-term strategy to continually improve its separate account platform by utilizing rigorous due diligence and exercising fiduciary accountability for manager selection as a means to add value to client portfolios.
According to Rob Brown, Managing Director of Investment Strategies for GEPAM, Having these managers join our separate account platform is gratifying because, otherwise, many of them would not be available to separate account investors. Several of these investment organizations have chosen to work exclusively with GEPAM in this space, which speaks to our reputation and regard among separate account providers. We'll continue to seek out the best of the best for our clients .
Added Bethann Roberts, GEPAM's Chairperson & CEO, Our fiduciary oversight and proprietary manager selection expertise represent just a few of the many factors that resulted in 86% of the firm's total 2002 sales being in our separate account services and contributed to our highly successful introduction of the GE Multiple Strategy Portfolios in March of this year.
The managers we work with share our growth goals, and we are happy to be delivering on these goals.
GEPAM proudly introduces the following investment managers as part of its separate account platform. Listed in alphabetical order with their location and specific asset class expertise:
-- AEW Capital Management, L.P. - Boston, MA - Real Estate Securities
-- Analytic Investors, Inc. - Los Angeles, CA - Ultra High Current Dividend Yield
-- Clay Finlay Inc. - New York, NY - Emerging Markets Equities
-- Connecticut Investment Mgmt., Inc. - Essex, CT - Large Cap Growth
-- Federated Investment Counseling - Pittsburgh, PA - Large Cap Value
-- GE Asset Management - Stamford, CT - International Core
-- Lotsoff Capital Management - Chicago, IL - Small Cap Core
-- Marvin & Palmer Associates, Inc. - Wilmington, DE - International Growth
-- Thomas Weisel Asset Management - Boston, MA - International Value
About GE Private Asset Management
GEPAM is a west coast-based asset management company, established in 1985, and acquired by GE Financial in 2001. GEPAM offers investors fee-based managed account solutions, distributed by Investment Professionals nationwide, designed to meet the challenges of nearly every market environment.
Focused on an investment philosophy of Participation and Protection and providing management expertise and fiduciary oversight of key investment management activities for client portfolios and programs, GEPAM has grown to almost $2 billion in assets under management as of March 2003. GEPAM provides investment professionals and investors with outstanding investment solutions designed to help create, preserve and protect their lifestyles through all market environments.
GEPAM is part of GE Financial, an integrated family of consumer insurance and investment companies. Its products are marketed through multiple distribution channels, and they include life insurance, fixed and variable annuities, mutual funds, retirement investment solutions, long-term care coverage, supplemental accident and health benefits, auto coverage, and lifestyle enhancement products. Headquartered in Richmond, Virginia, GE Financial operates in 17 countries and has more than $126 billion of assets under management as of March 2003.
For more information, visit http://www.gefinancialassurance.com.
For more information on the GE Multiple Strategy Portfolios,
contact GE Private Asset Management at (800) 845-2958 or visit us at http://www.geprivateassetmanagement.com.
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CONTACT: GE Financial
Tim Benedict, 203/229-5206
or
Bronkesh Associates
Annette Bronkesh, 973/778-8648
Jeff Wilson
GE Capital Corporate Finance
[email protected]
1-203-749-6340