General Re-New England Asset Management, Inc. (GR--NEAM), an investment adviser that specializes in offering capital and investment management services to the insurance industry, has established an exclusive strategic sub-advisory relationship with KDP Asset Management, Inc. (KDP), an investment adviser specializing in the management of high yield and leveraged loans.
GR--NEAM chairman and CEO, Jerry Lynch, commented on the newly formed sub-advisory relationship, "We are pleased to align ourselves with KDP. We have known the firm for many years and always admired its dedication to the high yield and leveraged loan market, its rigorous, bottom-up credit research focus and its commitment to client transparency. As we expand our product offering to our insurance company clients, working with firms like KDP that share our culture and values is critical to our long term success."
Bill Rotatori, president, GR--NEAM, added "Our goal is to be the premier provider of capital and asset management solutions to the insurance industry. This requires us to understand our clients' unique needs, to develop customized enterprise-based solutions and to deliver results through world-class execution capabilities. We are very excited to extend our investment skills by adding the management of high yield and leveraged loans via KDP to our comprehensive offering to the insurance industry. We recognize the challenging environment that many of our clients are facing and we are committed to building our company to meet their unique needs."
KDP, based in Montpelier, Vermont, has been active in the high yield and bank loan market since its inception. They have developed a disciplined investment process that leverages the expertise of 18 analysts with an average of 23 years of experience. KDP Asset Management CEO Kingman Penniman commented, "We are proud to have been selected by GR--NEAM to provide high yield and bank loan management services to the insurance industry through this strategic sub-advisory relationship. We believe the risk adjusted return profile of our defensive high yield and credit strategies are ideal complements to the core fixed income portfolios of many insurance companies. We look forward to working with GR--NEAM to bring the value of these asset classes to the insurance marketplace."
