Business & Finance
Mon, November 21, 2011 
HARTFORD, Conn.--([ BUSINESS WIRE ])--Conning, Inc., a leading global provider of asset management solutions, services and research to the insurance industry, today announced that further to its announcement on September 19, 2011, it has successfully completed the acquisition of Goodwin Capital Advisers, Inc. from The Phoenix Companies, Inc. (NYSE:PNX). The acquisition expands Conningas fixed income investment capabilities. In addition, Conning and Phoenix also signed a multiyear investment management agreement under which Conning will manage Phoenixas publicly traded fixed income general accounts insurance assets, which totaled approximately $8 billion as of September 30, 2011.
"Weare excited about having Goodwin Capital Advisers become part of Conning and look forward to working with The Phoenix as a new asset management client"
aWeare excited about having Goodwin Capital Advisers become part of Conning and look forward to working with The Phoenix as a new asset management client,a said Conning President and Chief Operating Officer Woody E. Bradford. aWe believe that Goodwin brings an outstanding combination of personnel and institutional experience that adds to Conningas capabilities in the fixed income markets.a
The acquisition and agreement will enhance the companyas scope, increase its total assets under management to approximately $85 billion, and expand its global investment capabilities in total return fixed income for current and new insurance and institutional clients.
About Conning
Conning ([ www.conning.com ]) is a leading asset manager for the insurance industry, with almost $77 billion in assets under management through its Hartford and Dublin investment centers as of September 30, 2011. For more than 25 years, Conning has built its asset management business to meet the investment and financial needs of insurers. The Companyas unique combination of asset management, risk and capital management solutions and insurance research helps clients achieve their financial goals through the implementation of customized business and investment strategies. Founded in 1912, Conning is headquartered in Hartford, Connecticut, with additional offices in New York, London, Dublin, Cologne and Hong Kong.
