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Article: MBIA Inc. Completes Merger of Its Investment Business With 1838 Investment Advisors.
- Article from:
- Business Wire
- Article date:
- July 31, 1998
CopyrightCOPYRIGHT 1998 Business Wire. 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, 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 ...