Conseco Capital Management Changes Name To 40/86 Advisors; 40/86 Highlights Midwestern Corporate Culture, Investment Philosophy, Focus on Clients.Business Editors NOTE TO EDITORS: In the company name 40|86 Advisors noted in this news release, there is a pipe symbol between 40 and 86. This symbol may not appear properly in some systems. CARMEL, Ind.--(BUSINESS WIRE)--Sept. 17, 2003 Conseco Capital Management, Inc., the fixed income investment management subsidiary of Conseco, Inc. (NYSE NYSE See: New York Stock Exchange : CNO CNO abbr. chief of naval operations ), today announced that effective immediately it is changing its name to 40|86 Advisors, Inc. The new name and branding are part of the parent company's business refocus Verb 1. refocus - focus once again; The physicist refocused the light beam" focus - cause to converge on or toward a central point; "Focus the light on this image" 2. after emergence from Chapter 11 bankruptcy. 40|86 are the geographic coordinates The quantities of latitude and longitude which define the position of a point on the surface of the Earth with respect to the reference spheroid. See also coordinates. 40 degrees North latitude, 86 degrees West longitude, the company's location in Indiana. These geographic roots represent the character traits embraced by the 40|86 team, including being down-to-earth, disciplined, shrewd and resilient. 40|86 reflects a perspective that values substance over appearance and favors a unique, pragmatic approach to fixed income investing. The company also announced that, effectively immediately, Eric R. Johnson will serve as president of 40|86 Advisors. Mr. Johnson joined the firm in 1997 as part of the investment team and most recently served as a member of the Management Restructuring Committee for Conseco, Inc., which was headed by Bill Shea who serves as Conseco's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . The committee managed the turnaround and emergence of Conseco, Inc. "40|86 highlights what's really important: our team, our philosophy and our clients," said Mr. Johnson. "I am excited to be part of this team, with a renewed sense of focus and a name that expresses our personal commitment and pride in the way we approach our business. We are all excited about 40|86 Advisors, as well as being part of Conseco's emergence and its focus on building excellence." 40|86 Advisors is a leading fixed income 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 with over $26 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. . In addition to serving as investment advisor to the Conseco affiliated insurance companies, 40|86 also serves a wide variety of third-party institutions including: Taft-Hartley plans, foundations and endowments, insurance companies, public funds See Fund, 3. See also: Public , corporate pensions, religious organizations, healthcare organizations, educational institutions, mutual funds and structured products (CBOs and CLOs). "This is an exciting time for 40|86 as we refocus on our core strengths of serving the Conseco affiliated insurance companies with strong fixed income market expertise and re-establishing our commitment to third-party institutional clients," said Gregory Hahn, senior vice president, chief investment officer. 40|86 Advisors has a long-term track record in fixed income investing based on a team-oriented approach which integrates research, trading and portfolio management. The bottom-up research process at 40|86 is the cornerstone of its belief that security selection is the key to producing superior risk-adjusted returns. "Our name has changed, but our research team and investment process remains the same," said Robert Cook Robert Cook can refer to:
1. The value of a company or an asset based on an underlying perception of the value. 2. For call options, this is the difference between the underlying stock's price and the strike price. ." The newly renamed 40|86 Strategic Income Fund (formerly Conseco Strategic Income Fund) received the 2002 Lipper Performance Achievement Certificate, as it ranked #1 in performance for 2002 in the Lipper closed-end high yield bond fund category (leveraged). The company's new web site is 4086.com |
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