New England Asset Management, Inc. (NEAM), a provider of insurance investment solutions, announced a strategic partnership with Nassau Financial Group (Nassau), a diversified financial services firm.
Through this collaboration NEAM will manage Nassau’s existing private placements portfolio, a move that will enhance the company’s investment offerings by adding new private placements capabilities.
Phil Gass, Chairman and Chief Executive Officer of Nassau, said: “We look forward to working with NEAM, a highly regarded asset manager for insurance companies, as they add private placement investing through this transaction.”
“We are confident this new relationship will enable accelerated growth and consistent management of our investment portfolio.”
According to the announcement, the private placements investment team from Nassau Asset Management LLC will join NEAM.
Bill Rotatori, Chairman and Chief Executive Officer of NEAM, commented: “Adding private placements to our investment management services will further support our insurance company clients and give them more options as they position their portfolios for the future.”
“For many insurance companies, private placements can provide additional value and incremental risk adjusted yield. We’re excited to bring on board both this new capability and the seasoned private placements team from Nassau.”
