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Article: MBIA to sell investment unit.(Looking Inside)(Investment Advisors L.L.C.)(Brief Article)
- Article from:
- Westchester County Business Journal
- Article date:
- April 5, 2004
CopyrightCOPYRIGHT 2004 Westfair Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Armonk-based MBIA INC. has agreed to sell the assets of 1838 Investment Advisors L.L.C., an asset management firm. The sale is expected to result in a small gain for MBIA.
"Over the past five years, we have been pleased with our ownership of 1838, but have decided to Concentrate on fixed-income asset management," said MBIA president Gary Dunton. "Our fixed-income operations are consistent with our core ...