Aeltus Appoints Neil Kochen CIO of Equities.HARTFORD, Conn.--(BUSINESS WIRE)--Dec. 13, 1999-- Aeltus Investment Management, Inc. today announced that Neil Kochen will assume the duties of Chief Investment Officer, Equity Investments. "Neil is an experienced portfolio strategist who has managed both equity and fixed income investments," said John Kim, President of Aeltus. "During his career he has proven to be an excellent manager of both people and assets, and we are pleased that he is leading our fine equity team." In addition to his duties as chief equity officer, Kochen will continue as portfolio strategist for the Aeltus principal protection products and will assume the additional responsibility of lead manager of the Aetna Generation Funds, a family of asset allocation funds asset allocation fund An investment company that varies the proportion of its portfolio devoted to stocks, bonds, and money market securities in order to reduce the variability of returns and to take better advantage of different segments of the securities . "With his extensive experience in both research and product development at Aeltus," continued Mr. Kim, "Neil is best qualified to maximize our quantitatively-based investment management style, which has helped place Aeltus among the top money management firms in the country. We are looking forward to his even greater contributions to the sophisticated and disciplined strategies he knows so well." Neil Kochen joined Aetna's investment organization in 1985 as an investment analyst. From 1987 to 1989 he was head of quantitative research Quantitative research Use of advanced econometric and mathematical valuation models to identify the firms with the best possible prospectives. Antithesis of qualitative research. . He subsequently served in a variety of investment management roles, including Managing Director, Head of Product Development and Head of Strategy and Policy. In 1996, he led a newly created unit within Aeltus to seek out new product and market opportunities. Neil Kochen received his Bachelor of Arts in mathematics and economics from the University of Rochester The University of Rochester (UR) is a private, coeducational and nonsectarian research university located in Rochester, New York. The university is one of 62 elected members of the Association of American Universities. and a Master of Business Administration in finance and accounting from Columbia University. He is a Chartered Financial Analyst Chartered Financial Analyst (CFA) An experienced financial analyst who has passed examinations in economics, financial accounting, portfolio management, security analysis, and standards of conduct given by the Institute of Chartered Financial Analysts. . Aeltus is an independently managed subsidiary of Aetna Inc. with more than $53 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Aeltus manages institutional assets and is the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and to the Aetna family of funds Family of Funds A group of mutual funds offered by one investment or fund company. Each mutual fund has different characteristics and can range depending on investment objective. Also referred to as a "Mutual Fund Family" or simply a "Fund Family". , a full range of variable product and multi-class retail mutual funds. Visit Aeltus' web site at http//:www.aeltus.com. |
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