TIAA-CREF Wins Institutional Stable Value Mandate
Targeted News Service |
"
"We like to work with asset managers who, like us, have a strong history of providing a conservative disciplined investment approach," said
TIAA and its wholly owned subsidiary,
"Working with Morley is a natural extension of what our portfolio management teams have done successfully for our participants since 1918 and leverages our core strengths in asset, liability and risk management to provide institutional-investment-only stable value solutions," said
The program's guaranteed interest contracts (GICs) are issued by TC Life and the underlying assets of the separate account portfolio are managed in a high-quality, short-duration investment strategy by TIAA-CREF Asset Management through
Morley currently manages approximately
TNS-AD121002-JF78-4052122 StaffFurigay
Copyright: | (c) 2012 Targeted News Service |
Wordcount: | 440 |
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