Articles > Popular publications > Business Wire press releases > April-June 1998 > Monday, June 22

Article: MBIA Inc. Announces Agreement to Merge Its Investment Business With 1838 Investment Advisors.

Article from:
Business Wire
Article date:
June 22, 1998
Copyright

ARMONK, N.Y.--(BUSINESS WIRE)--June 22, 1998--MBIA Inc. (NYSE: MBI) announced today that it has agreed to merge its investment business with 1838 Investment Advisors, a full-service asset management firm with a strong institutional focus. Located in Radnor, Pa., 1838 manages over $6 billion in equity, fixed-income and balanced portfolios for a client base comprised of high-net-worth individuals, municipalities, endowments, foundations and corporate employee-benefit plans. 1838 acts as investment advisor to 1838 Investment Advisors Funds and 1838 Bond Debenture Trading Fund.

MBIA also announced the formation of a holding company, MBIA Asset Management Corporation, to ... 







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