Conning Sees 2012 as a Year to Expand

January 04, 2012 at 07:53 AM
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Michael Haylon, the newly named Managing Director and Head of Investment Products for Conning views 2012 as a year of expanding opportunities for clients with the right appetite for risk.

The Hartford CT.-based asset management company for the insurance industry created Haylon's position recently with the intention of having someone with the requisite experience have a hand firmly gripped on the helm of their Investment Products unit.

Haylon will be responsible for the management of Conning's investment products including their traditionally utilized fixed income, specialty products, select equity offerings as well as alternative investments.

The company has a "strong desire to grow and enhance their asset capabilities," Haylon said. He sees the current environment and the trajectory of where things will be heading the rest of year as being a good time to stray from fixed income markets sighting the agency mortgage backed market and the bank loan market as potential non-traditional, successful investments for clients that are a good fit.

In their weekly market update released on January 3, Conning alludes to how 2012 should be a year of growth. They see upticks in manufacturing, mortgage applications and vehicle sales as being a sign that consumers are spending again and they hope to invest for their clients accordingly. 

Conning is also looking at 2012 as year where they will expand globally, offering niche products that dovetail with their own global expansion plans. Though they forsee lingering trouble in Europe. According to the same market report, the low-rate loans that were constructed to provide capital to banks coupled with measures to control inflation and the availability of "easy money" may create a perfect storm. With austerity measures being put in place, the way countries handle any social unrest will also be closely scrutinized. 

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