The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Security Global Investors Lifts Out a Nationwide Portfolio Team Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, November 27, 2007

Security Global Investors Lifts Out a Nationwide Portfolio Team

Reported by Erin Kello

Security Global Investors (SGI), the asset management arm of Security Benefit, has lifted out a portfolio team from Nationwide's NWD Investment Management (NWD). The nine person growth equity team was from Nationwide Separate Accounts (NSA), a subsidiary of NWD.

A spokesperson for Nationwide told the MFWire that the departure of the portfolio team is part of Nationwide's move towards an all sub-advised platform following the sale of their active asset management business to Aberdeen earlier this year. Nationwide will not be replacing the team.

At SGI, the team--headed up by Mark Bronzo, Daniel Portanova, and Joseph O'Connor--will manage the Security Equity Fund Select 25 Series, the Security Mid Cap Growth Fund, and one-half of the Security Equity Fund Equity Series (and the respective related variable insurance trusts), totaling approximately $970 million in AUM.

For their part the Nationwide team is happy to have found a new home. "We are extremely pleased to be working with a partner like Security Global Investors. We know that we will be able to retain our investment autonomy while maintaining our entrepreneurial culture," Bronzo stated. "We will be getting the best support from one of the best organizations," he added in an interview with the MFWire.

The team's transition to SGI is expected to take place in early January.  

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2021
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use