US Insurance Asset Manager Directory 2021

Transcription

US Insurance Asset ManagerDirectory 2021ANALYSISTop 100 investment firmsQuality AssuredCOMPREHENSIVELISTINGSA global directoryof 160 US insuranceasset manager firmsPLUS Performance analysisof key US insuranceasset classesin partnership with

With CAMRADATA ESGreview of asset managershas just been made easy.CAMRADATA Live now delivers an ESG Reportproviding comparable information enablinginvestors to apply more scrutiny to the ESGcapabilities of asset managers across 4 areas: Investment policy and firm structure Investment process Active Ownership ReportingTo find out more and to run individual ESGreports on each asset manager, please log in toCAMRADATA Live today or request a free log bycontacting us at info@camradata.com

An invaluable resource forthe US insurance industryON BEHALF OF EVERYONE AT CAMRADATA, welcome to ourfirst ever US Insurance Asset Manager Directory, in partnershipwith Insurance AUM Journal.As well as giving you high-level, detailed information on a largenumber of asset managers around the world, we also provideyou with some performance analysis on a few key asset classesinvested by US insurance firms using CAMRADATA Live. Ouronline asset manager database is an invaluable resource forcarrying out manager research, performance monitoring andmanager ranking. CAMRADATA Live is available free of chargeto all US insurance firms, particularly to those individualsinvolved in the investment analysis, manager research,performance monitoring, etc, at these organisations.CAMRADATA has been gathering, analysing and distributingasset manager data to UK and European institutional investorssince 2003. In 2021 we launched CAMRADATA Live to theUS Insurance industry through our partnership with InsuranceAUM Journal. We continue to provide valuable insights onasset managers and their capabilities to a growing numberof clients each year. Moreover, our annual CAMRADATAIQ Awards have become one of the most sought-afterSean ThompsonManaging Director, CAMRADATAContact: sean.thompson@camradata.comaccolades in the asset management field, recognising thecontribution asset manager funds deliver on behalf ofinstitutional investors. To find out more about these firms– to learn about their ESG policies, their D&I processes, theircapabilities, the strategies they manage and much more –please log in to CAMRADATA Live.If you do not already have complimentary access to our onlineasset manager database, then please click on CAMRADATA LiveRegistration. With one simple move, you can start enjoying themany benefits that membership of CAMRADATA Live provides.Insurance AUM Journal is the number-one-rated investmentresource for the US insurance industry, bringing thoughtleadership through articles, podcasts and webcasts to theinsurance community. To register and gain access to the latestthought leadership, please click on Insurance AUM Journal.We hope you like what we have done. Ultimately we work foryour industry, and we want to add real value. We are alwayshappy to hear from you about things you like and areasfor further refinement. As always, we greatly appreciateyour support.Stewart FoleyPartner, Editor-in-Chief, Insurance AUM JournalContact: stewart@insuranceaum.comThe US Insurance Asset Manager 2021 Directory is published by CAMRADATA ANALYTICAL SERVICES LIMITED. 5TH FLOOR, 11 STRAND, LONDON WC2N5HR, UNITED KINGDOM. TEL: 44 (0)20 3327 5600 www.camradata.com CAMRADATA ANALYTICAL SERVICES LIMITED, 2021The views expressed in this directory do not necessarily coincide with the views of the publishers. Although the publishers have made every effortto ensure the accuracy of the information contained in this publication, neither CAMRADATA ANALYTICAL SERVICES LIMITED nor any contributingauthor can accept any legal responsibility whatsoever for any consequences that may arise from errors or omissions contained in the publication orfrom acting on any advice given. In particular, this publication is not a substitute for professional advice on a specific transaction.

Contents06Analysis10Pe rfo rm a n ce char t s17Di re c tory

ASSET MANAGERSA growing list of insurance-focusedasset managers.THE DETAILED, WIDE-RANGING DIRECTORY YOU’RE READING PROVIDES HIGH-LEVELINFORMATION ON MORE THAN 160 ASSET MANAGERS – BUT INSURERS IN THE US WHO LOGIN TO CAMRADATA LIVE HAVE ACCESS TO A GREAT DEAL MORE.Top 100 investment management firms by AuM ( m)Investment management firm1 BlackRock2 Capital Group3 J.P. Morgan Asset Management4 Legal & General Investment Management5 PIMCO6 T. Rowe Price Group, Inc.7 Invesco Ltd.8 Wellington Management Company LLP9 Northern Trust Asset Management10 AXA Investment Managers11 Insight Investment12 DWS Group13 PGIM Fixed Income14 Morgan Stanley Investment Management15 BNP Paribas Asset Management16 Allianz Global Investors17 AB (AllianceBernstein)18 MetLife Investment Management19 Aberdeen Standard Investments20 MFS Investment Management21 Dimensional Fund Advisors22 Federated Hermes, Inc.23 Principal Global Investors24 Asset Management One International Ltd.25 Wells Fargo Asset Management26 Western Asset Management27 Manulife Investment Management (Europe) Limited28 Baillie Gifford & Co.29 Neuberger Berman30 Janus Henderson Investors31 Loomis Sayles32 Barings33 Dodge & Cox34 Voya Investment Management35 Pictet Asset Management36 Guggenheim Investments37 Jennison Associates LLC38 Robeco39 American Century Investments40 Conning41 Ares Management LLC42 Eaton Vance Management (International) Limited43 Artisan Partners Limited Partnership44 MacKay Shields LLC45 Columbia Threadneedle Investments EMEA APAC46 Oaktree Capital Management (UK) LLP47 Mesirow Financial International UK Ltd48 Victory Capital Management Inc.49 Mackenzie Investments50 AMP Capital InvestorsDecember 31, 240.50146,297.10145,962.5551 Sumitomo Mitsui DS Asset Management52 SLC Management53 Payden & Rygel54 Arrowstreet Capital, Limited Partnership55 PineBridge Investments56 Storebrand Asset Management AS57 New England Asset Management, Inc.58 Kempen Capital Management59 Income Research Management60 Boston Partners61 Lombard Odier Investment Managers62 HPS Investment Partners, LLC63 Sands Capital Management LLC64 GQG Partners LLC65 Brandywine Global Investment Management, LLC66 Polen Capital Management67 Canada Life Asset Management68 Mondrian Investment Partners Limited69 Hermes Fund Managers Limited70 Kayne Anderson Rudnick71 Fisher Investments Europe Ltd.72 Baron Capital73 Colchester Global Investors Limited74 Coronation Fund Managers Limited75 Berenberg76 Fundsmith LLP77 Wasatch Global Investors78 Hotchkis & Wiley79 Los Angeles Capital Management80 EFG Asset Management Limited81 AAM Insurance Investment Management82 DuPont Capital Management83 TwentyFour Asset Management LLP84 Octagon Credit Investors LLC85 Polar Capital86 EARNEST Partners87 Mirova88 Fayez Sarofim & Co89 Burgundy Asset Management Ltd.90 Unigestion SA91 Reams Asset Management, A Division of Scout Investments92 Sustainable Growth Advisers LP93 Champlain Investment Partners, LLC94 Martin Currie Investment Management Ltd.95 Axiom Investors96 Brown Capital Management97 Brookfield Public Securities Group LLC98 Westfield Capital Management Company, LP99 Stone Harbor Investment Partners LP100 Sage Advisory Services, Ltd CoTotal 5015,691.3042,655,540.61 S O U RCE - CAMRADATA6July 2021

Investment management firms by AuM bucket sizes ( m)0- 1 billion AuM:Investment management firmLeuthold Weeden Capital ManagementSouthernSun Asset ManagementCameron Hume LimitedMaltese Capital Management, LLCHonTe Investments, LLCThird Avenue Management LLCEvermore Global AdvisorsConcise Capital Management, LPF & V Capital Management, LLCArgus Investors’ Counsel, Inc.Unimar Financial Services, LLCHigh Pointe Capital Management, LLCTieton Capital ManagementVN Capital Management, LLCApplied Fundamental Research, LLC3G CapitalAsia Frontier CapitalPalisades Investment Partners, LLCEssex Asset AdvisorsAlphaBee Asset ManagementDecember 31, 92.7768.1052.0050.00 1-10 billion AuM:Investment management firmCooke & Bieler LPWaverton Investment ManagementCeredex Value Advisors LLCHosking PartnersDDJ Capital Management, LLCMaple-Brown AbbottLyrical Asset Management, L.P.CS McKeeKraneSharesLeadenhall Capital Partners LLPRiver and Mercantile GroupCompass GroupM.D. SassGresham House Asset Management LtdHexavest Inc.Fulcrum Asset Management LLPWhitehelm Capital Pty LimitedGuinness Asset ManagementCopeland Capital ManagementLogan Capital ManagementDePrince,Race & Zollo IncCramer Rosenthal McGlynnMandarine GestionCRUX Asset MangagementRedwood Investments LLCiM Global PartnerCornerstone Investment Partners LLCNippon Value Investors KKFountainCap Research & Investment (Hong Kong) Co., LTD.WaveFront Global Asset Management Corp.Friess Associates, LLCCornerCap Investment Counsel, IncFalcon Money Management LimitedQMA Wadhwani LLPDecember 31, 901,277.101,057.001,046.39 10-50 billion AuM:Fisher Investments Europe Ltd.Baron CapitalColchester Global Investors Limited47,757.5047,729.6043,007.00Coronation Fund Managers LimitedBerenbergFundsmith LLPWasatch Global InvestorsHotchkis & WileyLos Angeles Capital ManagementEFG Asset Management LimitedAAM Insurance Investment ManagementDuPont Capital ManagementTwentyFour Asset Management LLPOctagon Credit Investors LLCPolar CapitalEARNEST PartnersMirovaFayez Sarofim & CoBurgundy Asset Management Ltd.Unigestion SAReams Asset Management, A Division of Scout InvestmentsSustainable Growth Advisers LPChamplain Investment Partners, LLCMartin Currie Investment Management Ltd.Axiom InvestorsBrown Capital ManagementBrookfield Public Securities Group LLCWestfield Capital Management Company, LPStone Harbor Investment Partners LPSage Advisory Services, Ltd CoLupus alpha Asset Management AGSit Investment Associates, Inc.Ardea Investment ManagementValue PartnersPyrford International LtdDriehaus Capital Management LLCMajedie Asset ManagementSoutheastern Asset ManagementNewfleet Asset Management, LLC 1.3012,320.4011,250.9610,473.5010,179.90 50-100 billion AuM:Investment management firmIncome Research ManagementBoston PartnersLombard Odier Investment ManagersHPS Investment Partners, LLCSands Capital Management LLCGQG Partners LLCBrandywine Global Investment Management, LLCPolen Capital ManagementCanada Life Asset ManagementMondrian Investment Partners LimitedHermes Fund Managers LimitedKayne Anderson RudnickDecember 31, .0051,747.00 100-500 billion AuM:Investment management firmWestern Asset ManagementManulife Investment Management (Europe) LimitedBaillie Gifford & Co.Neuberger BermanJanus Henderson InvestorsLoomis SaylesBaringsDodge & CoxVoya Investment ManagementPictet Asset ManagementDecember 31, 3.75 S O U RCE - CAMRADATAAsset Management Directory 20207

ASSET MANAGERS“CAMRADATA LIVE PROVIDESINSURERS IN THE US WITH CLEARAND INDEPENDENT INVESTMENTDATA AND ANALYSIS.”Investment firms by AuM bucket sizes ( m) 100-500 billion AuM continued:Investment management firmGuggenheim InvestmentsJennison Associates LLCRobecoAmerican Century InvestmentsConningAres Management LLCEaton Vance Management (International) LimitedArtisan Partners Limited PartnershipMacKay Shields LLCColumbia Threadneedle Investments EMEA APACOaktree Capital Management (UK) LLPMesirow Financial International UK LtdVictory Capital Management Inc.Mackenzie InvestmentsAMP Capital InvestorsSumitomo Mitsui DS Asset ManagementSLC ManagementPayden & RygelArrowstreet Capital, Limited PartnershipPineBridge InvestmentsStorebrand Asset Management ASNew England Asset Management, Inc.Kempen Capital ManagementDecember 31, 4.80112,079.46109,537.40105,500.59IN OUR FIRST EVER US Insurance Asset Manager Directory, we arepleased to provide high-level information on more than 160 insurancefocused global asset managers, whose combined assets undermanagement total approximately 43 trillion.The size of the investment firms’ AuM ranges from 50 million to 8.7trillion, indicating that it is not just the large firms who are managingmonies for the insurance industry.Whilst there are 11 firms who each have more than 1 trillion oftotal AuM, this represents only 7% of the number of firms in ourdirectory offering their services to the US insurance industry. Thenumber of insurance-focused asset managers continues to growas more and more insurance firms look to invest in non-traditionalasset classes.Our directory provides you with just a small amount of informationon the managers listed. For more in-depth analysis, to access managerresearch on all the firms and their strategies, to learn more abouthow they manage monies in the various asset classes they offer USinsurance firms and to run manager ranking reports, peer reports andso much more, please log in to our online asset manager database,CAMRADATA Live.CAMRADATA Live provides US insurers with clear and independentinvestment data and analysis, helping them to find out about, and toconnect with, every type of asset manager offering services to theinsurance industry.What you see here in our directory is just a tiny fraction of what youcould have access to.Total AuM by bucket size0%US 0-1 billion AuM 500 billion to 1 trillion AuM:Investment management firmDWS GroupPGIM Fixed IncomeMorgan Stanley Investment ManagementBNP Paribas Asset ManagementAllianz Global InvestorsAB (AllianceBernstein)MetLife Investment ManagementAberdeen Standard InvestmentsMFS Investment ManagementDimensional Fund AdvisorsFederated Hermes, Inc.Principal Global InvestorsAsset Management One International Ltd.Wells Fargo Asset ManagementDecember 31, 0.00585,736.40544,981.10526,064.00508,971.10 1 trillion-plus AuM:Investment management firmBlackRockCapital GroupJ.P. Morgan Asset ManagementLegal & General Investment ManagementPIMCOT Rowe Price Group, Inc.Invesco Ltd.Wellington Management Company LLPNorthern Trust Asset ManagementAXA Investment ManagersInsight InvestmentDecember 31, 1,165,266.401,049,652.301,028,670.881%2%2%US 1-10 billion AuMUS 10-50 billion AuMUS 50-100 billion AuM17%US 100-500 billion AuMUS 500 billion to 1 trillion AuMUS 1 Trillion-plus AuM56%22%Number of asset managers by bucket sizeUS 0-1 billion AuMUS 1-10 billion AuM11%US 10-50 billion AuM20%14%US 50-100 billion AuMUS 100-500 billion AuM34%US 500 billion to 1 trillion AuMUS 1 trillion-plus AuM33%12%39% S O U RCE - CAMRADATA8July 2021

THE INDUSTRY’S RESOURCE HUBRegister for Insurance AUM Journal FREE TODAY at insuranceaum.comWe are dedicated to insurance investmentprofessionals around the world.Our prioritiesOmni-channel platform To be the industry’s go-to source for thoughtleadership, data and research Articles To promote the Principles for ResponsibleInvesting (PRI) To be a strong advocate for diversity, equalityand inclusionCamradata ad visuals b.indd 1 Podcasts Webcasts Manager Search Tools Industry data and research21/05/2021 13:23

PERFORMANCE CHARTSEmerging Market Debt (USD)I YEAR TO MAR 2021Return54.6%Risk24.3%Risk Reward7.9%Return34.6%Risk15.8%Risk Reward3.6%CAMRADATA EMD MedianInterquartile RangeExternal %2.0%-17.1%-4.0%0.6%AbsoluteSource: CAMRADATARelative3 YEARS TO MAR 2021Return7.7%Risk29.0%Risk Reward4.3%Return4.7%Risk17.6%Risk Reward1.2%CAMRADATA EMD MedianInterquartile uteExternal Range3.7%2.2%-8.2%-1.3%1.0%RelativeSource: CAMRADATADisclaimer: This document is produced by CAMRADATA Analytical Services Limited (‘CAMRADATA’), a company registered in England & Wales with registration number 06651543. CAMRADATA is not authorised or regulatedby the Financial Conduct Authority in the United Kingdom.This document is not intended to conduct an invitation or an inducement to engage in any investment activity. It is not intended to constitute investment advice and should not be relied upon as such. This document is forgeneral evaluation only. It does not have regard to the specific investment objectives, risk appetite, financial situation or particular needs of any particular person or class of persons and it has not been prepared for anyspecific person or class or persons.This document has been produced by applying quantitative analytics and methodology proprietary to CAMRADATA to information within the CAMRADATA Live database (‘Database Information’) as at a particular date.CAMRADATA has not independently verified the accuracy or completeness of Database Information. CAMRADATA is wholly reliant upon third parties for the accuracy and completeness of Database Information and hasno duty of care owed to you in relation to such information. The analyses provided in this document are reliant upon Database Information and accordingly may be incorrect, inaccurate or out of date.Database Information includes past performance data. Past performance is no indication of future performance. There are no guarantees that past performance will be repeated.Although the information expressed is provided in good faith, neither CAMRADATA, its holding companies or any of its or their associates represents, warrants or guarantees that such information is accurate, complete orappropriate for your purposes and none of them shall be responsible for or have any liability to you for losses or damages (whether consequential, incidental or otherwise) arising in any way for errors or omissions in, orthe use of or reliance upon the information contained in this document. To the greatest extent permitted by law, we exclude all conditions and warranties that might otherwise be implied by law with respect to thedocument, whether by operation of law, statute or otherwise, including as to their accuracy, completeness or fitness for purpose.Copyright in all materials, text, articles and information contained in this document is the property of, and may only be reproduced or communicated to a third party with the prior written consent of CAMRADATA.Copyright in materials created or supplied by third parties and the rights under copyright of such parties are hereby acknowledged. CAMRADATA Analytical Services and its logo are proprietary trademarks ofCAMRADATA and are registered in the United Kingdom. Unauthorised copying or distribution of this document to third parties is prohibited without prior written consent.

IN FOCUSCAMRADATA ROUNDTABLESCAMRADATA BRINGS TOGETHEREXPERT FUND MANAGERSWITH CAREFULLY SELECTEDINVESTORS IN A STREAMLINEDVIRTUAL FORMAT“I have taken part in several roundtables over the last 18 monthsand this was the best orchestrated by far”Investment Director, UK Consulting firm“Just a note to say thank you for organising the panel and having me onit. I found the full group discussion super informative.”Portfolio Manager, Global Asset Manager“The CAMRADATA virtual roundtable went really well, as well as the liveevents, which was quite surprising! It was informative and interesting,and I know our Fund manager enjoyed being a part of it.”Business Development Manager, UK Asset ManagerInteractive and dynamic debate A wide array of asset classescovered Branding , editorial and advertising opportunitiesas part of all roundtables Expert investor panels Ability toconnect and network with key stakeholdersTo find out more - Natasha Silva ( Natasha.silva@camradata.com) would be delighted to speak to you.

PERFORMANCE CHARTSUS Bank Loans (USD)I YEAR TO MAR 2021Return27.5%Risk5.4%Risk Reward5.8%Return10.0%Risk2.2%Risk Reward5.9%CAMRADATA US Bank Loans MedianInterquartile RangeExternal .7%-3.0%-2.7%0.5%AbsoluteRelativeSource: CAMRADATA3 YEARS TO MAR 2021Return5.0%Risk10.4%Risk Reward0.8%Return1.2%Risk2.8%Risk Reward1.5%CAMRADATA US Bank Loans Median4.4%0.5%4.0%-0.1%Interquartile RangeExternal 0.4%RelativeSource: CAMRADATADisclaimer: This document is produced by CAMRADATA Analytical Services Limited (‘CAMRADATA’), a company registered in England & Wales with registration number 06651543. CAMRADATA is not authorised orregulated by the Financial Conduct Authority in the United Kingdom.This document is not intended to conduct an invitation or an inducement to engage in any investment activity. It is not intended to constitute investment advice and should not be relied upon as such. This document is forgeneral evaluation only. It does not have regard to the specific investment objectives, risk appetite, financial situation or particular needs of any particular person or class of persons and it has not been prepared for anyspecific person or class or persons.This document has been produced by applying quantitative analytics and methodology proprietary to CAMRADATA to information within the CAMRADATA Live database (‘Database Information’) as at a particular date.CAMRADATA has not independently verified the accuracy or completeness of Database Information. CAMRADATA is wholly reliant upon third parties for the accuracy and completeness of Database Information and hasno duty of care owed to you in relation to such information. The analyses provided in this document are reliant upon Database Information and accordingly may be incorrect, inaccurate or out of date.Database Information includes past performance data. Past performance is no indication of future performance. There are no guarantees that past performance will be repeated.Although the information expressed is provided in good faith, neither CAMRADATA, its holding companies or any of its or their associates represents, warrants or guarantees that such information is accurate, complete orappropriate for your purposes and none of them shall be responsible for or have any liability to you for losses or damages (whether consequential, incidental or otherwise) arising in any way for errors or omissions in, orthe use of or reliance upon the information contained in this document. To the greatest extent permitted by law, we exclude all conditions and warranties that might otherwise be implied by law with respect to thedocument, whether by operation of law, statute or otherwise, including as to their accuracy, completeness or fitness for purpose.Copyright in all materials, text, articles and information contained in this document is the property of, and may only be reproduced or communicated to a third party with the prior written consent of CAMRADATA.Copyright in materials created or supplied by third parties and the rights under copyright of such parties are hereby acknowledged. CAMRADATA Analytical Services and its logo are proprietary trademarks ofCAMRADATA and are registered in the United Kingdom. Unauthorised copying or distribution of this document to third parties is prohibited without prior written consent.

PERFORMANCE CHARTSUS Credit (USD)I YEAR TO MAR 2021Return31.5%Risk13.4%Risk Reward5.4%Return16.0%Risk7.2%Risk Reward4.8%CAMRADATA US Credit MedianInterquartile RangeExternal .2%-9.0%-5.0%1.0%AbsoluteRelativeSource: CAMRADATA3 YEARS TO MAR 2021Return8.9%Risk11.6%Risk Reward1.6%Return2.1%Risk6.1%Risk Reward0.5%CAMRADATA US Credit Median10.3%Interquartile Range7.6%0.6%6.9%-0.2%1.0%6.3%7.7%External ce: CAMRADATADisclaimer: This document is produced by CAMRADATA Analytical Services Limited (‘CAMRADATA’), a company registered in England & Wales with registration number 06651543. CAMRADATA is not authorised orregulated by the Financial Conduct Authority in the United Kingdom.This document is not intended to conduct an invitation or an inducement to engage in any investment activity. It is not intended to constitute investment advice and should not be relied upon as such. This document is forgeneral evaluation only. It does not have regard to the specific investment objectives, risk appetite, financial situation or particular needs of any particular person or class of persons and it has not been prepared for anyspecific person or class or persons.This document has been produced by applying quantitative analytics and methodology proprietary to CAMRADATA to information within the CAMRADATA Live database (‘Database Information’) as at a particular date.CAMRADATA has not independently verified the accuracy or completeness of Database Information. CAMRADATA is wholly reliant upon third parties for the accuracy and completeness of Database Information and hasno duty of care owed to you in relation to such information. The analyses provided in this document are reliant upon Database Information and accordingly may be incorrect, inaccurate or out of date.Database Information includes past performance data. Past performance is no indication of future performance. There are no guarantees that past performance will be repeated.Although the information expressed is provided in good faith, neither CAMRADATA, its holding companies or any of its or their associates represents, warrants or guarantees that such information is accurate, complete orappropriate for your purposes and none of them shall be responsible for or have any liability to you for losses or damages (whether consequential, incidental or otherwise) arising in any way for errors or omissions in, orthe use of or reliance upon the information contained in this document. To the greatest extent permitted by law, we exclude all conditions and warranties that might otherwise be implied by law with respect to thedocument, whether by operation of law, statute or otherwise, including as to their accuracy, completeness or fitness for purpose.Copyright in all materials, text, articles and information contained in this document is the property of, and may only be reproduced or communicated to a third party with the prior written consent of CAMRADATA.Copyright in materials created or supplied by third parties and the rights under copyright of such parties are hereby acknowledged. CAMRADATA Analytical Services and its logo are proprietary trademarks ofCAMRADATA and are registered in the United Kingdom. Unauthorised copying or distribution of this document to third parties is prohibited without prior written consent.

PERFORMANCE CHARTSUS Equity (USD)I YEAR TO MAR 2021Return179.9%Risk48.6%Risk Reward7.1%Return108.9%Risk32.2%Risk Reward8.2%CAMRADATA US Equity MedianInterquartile RangeExternal %4.4%-3.3%-74.2%-5.9%3.0%AbsoluteRelativeSource: CAMRADATA3 YEARS TO MAR 2021Return43.2%Risk42.2%Risk Reward1.5%Return33.4%Risk26.8%Risk Reward1.8%CAMRADATA US Equity MedianInterquartile an5.0%0.0%-0.1%-0.6%-4.8%18.9%External 3.3%RelativeSource: CAMRADATADisclaimer: This document is produced by CAMRADATA Analytical Services Limited (‘CAMRADATA’), a company registered in England & Wales with registration number 06651543. CAMRADATA is not authorised orregulated by the Financial Conduct Authority in the United Kingdom.This document is not intended to conduct an invitation or an inducement to engage in any investment activity. It is not intended to constitute investment advice and should not be relied upon as such. This document is forgeneral evaluation only. It does not have regard to the specific investment objectives, risk appetite, financial situation or particular needs of any particular person or class of persons and it has not been prepared

The US Insurance Asset Manager 2021 Directory is published by CAMRADATA ANALYTICAL SERVICES LIMITED. 5 TH FLOOR, 11 STRAND, LONDON WC2N 5HR, UNITED KINGDOM. TEL: 44 (0)20 3327 5600 www.camradata.com CAMRADATA ANALYTICAL SERVICES LIMITED, 2021