Article: MBIA Inc. Completes Merger of Its Investment Business With 1838 Investment Advisors.

ARMONK, N.Y.--(BUSINESS WIRE)--July 31, 1998--MBIA Inc. (NYSE: MBI) announced today that it has completed the merger of its investment business with 1838 Investment Advisors.

Located in Radnor, Pa., 1838 is a full-service asset management firm with a strong institutional focus. The company 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-benefits plans. 1838 acts as investment advisor to 1838 Investment Advisors Funds and 1838 Bond Debenture Trading Fund.

1838 will be part of a newly formed holding company, MBIA ...

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