Diversified Investment Advisors Appoints New Sub-Advisors for Growth & Income and Special Equity Funds.Business Editors PURCHASE, N.Y.--(BUSINESS WIRE)--Aug. 6, 2001 Diversified Investment Advisors History Established as a division of the original MONY (Mutual of NY) and its predecessors, it spun off as a separate entity in the early 1990s. DIA has over 50 years of multi-product, retirement services only industry experience. , Inc., a national investment advisory firm specializing in retirement plans, announced the selection of Aeltus Investment Management, Inc. and Credit Suisse Asset Management, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control as co-managers of its Growth & Income Fund and INVESCO, Inc. as a co-manager of its Special Equity Fund. Growth & Income Fund Aeltus Investment Management, Inc. and Credit Suisse Asset Management, LLC will each manage approximately fifty percent of the Fund's assets. Aeltus will serve as the "structured" core manager of the Fund to control volatility. Credit Suisse will serve as "active" core manager, offering "alpha" or excess return potential. This strategy is designed to add value through stock selection while taking limited style or sector deviations from the benchmark. The objective of the Growth & Income Fund is to outperform the S&P 500 through investment in a diversified portfolio of large-capitalization companies. "We've achieved outstanding success using the multi-manager approach in other funds and we expect it to benefit investors in this Fund as well," said Tom Schlossberg, President and Chief Executive Officer. Aeltus has $40 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. . Credit Suisse has nearly $280 billion in assets under management. Special Equity Fund INVESCO, Inc. joins four other sub-advisors for the Special Equity Fund: Goldman Sachs Asset Management; Husic Capital Management; RS Investment Management and Westport Asset Management. Each sub-advisor will manage approximately 20% of total fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. . The addition of INVESCO as a structured small cap core manager will bring an added layer of risk control to the Fund. The Special Equity Fund seeks to outperform the Russell 2000 Index Russell 2000 Index An index measuring the performance of the 2,000 smallest companies in the Russell 3000 Index, which is made up of 3,000 of the biggest U.S. stocks. The Russell 2000 serves as a benchmark for small-cap stocks in the United States. , while maintaining statistical characteristics similar to that of the index. INVESCO has $370 billion in assets under management. Diversified Investment Advisors is a national investment advisory firm specializing in retirement plans. The company's expertise covers the entire spectrum of defined benefit and defined contribution plans, including: 401(k); 403(b); 457; executive deferred compensation; profit sharing profit sharing, arrangement by which employees receive, in addition to their wages, a share of the net profits of a business. The purpose is to give them an incentive to increase their output through enhanced morale, less wasteful use of materials, better care of ; money purchase; cash balance; Taft-Hartley; rollover IRA Rollover IRA A traditional individual retirement account holding money from a qualified plan or 403(b) plan. These assets, as long as they are not mixed with other contributions, can later be rolled over to another qualified plan or 403(b) plan. Also known as a conduit IRA. and Roth IRA Roth IRA An individual retirement plan that bears many similarities to the Traditional IRA. Contributions are never deductible, and qualified distributions are tax-free. A qualified distribution is one that is taken at least five years after the taxpayer established his/her first . Diversified services over $46 billion in retirement plan assets, helping more than 900,000 participants save and invest wisely for retirement. Headquartered in Purchase, NY, the company's regional offices are located in Arkansas, California, Georgia, Illinois, Iowa, Louisiana, Maryland, Massachusetts, Michigan, New York, North Carolina, Ohio, Oregon, Pennsylvania, Texas and Wisconsin. |
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