MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, October 26, 2000 Conseco Calls in Specialists Conseco Capital Management has engaged Frank Russell to provide research, analysis and technical recommendations for the firm's equity portfolios. The firm has recently been rocked by the en masse defection of its fixed income analyst team and the recent sudden departure of its senior vice president and chief equity investment officer, Thomas J. Pence along with two others. Conseco said that a team of Russell transition management specialists arrived at CCM on Oct. 19 and will report directly to President and CEO Maxwell E. Bublitz, CFA, who is taking on the duties of interim portfolio manager of the firm's equity investments. "Russell has been tracking our equity performance since 1993 and is very familiar with our risk-averse, bottom-up, total-return-oriented investment process," said Bublitz. "They are masters at providing world-class research and the analytical tools that will help CCM continue meeting the equity investment mandates of our institutional clients and our equity mutual funds' objectives during this transition." "CCM's equity portfolios will continue to be professionally managed to the highest standards with the assistance of Russell's team of qualified and experienced experts," said Bruce Johnston, senior vice president of marketing and client services. "We will meet the prescribed investment objectives, and continue to deliver superior service to our institutional clients, the broker-dealer network and our mutual fund shareholders." Conseco is suing Pence for breach of contract. Printed from: MFWire.com/story.asp?s=26192 Copyright 2000, InvestmentWires, Inc. All Rights Reserved |