RADNOR, Pa.--(BUSINESS WIRE)--Hartford Funds today announced that Allison Mortensen, CFA has joined the firm as Head of Multi-Asset Solutions and Portfolio Manager. In this role, Mortensen will manage asset allocation across a number of existing portfolios and assist in the development of any new asset allocation products. She reports to Vernon Meyer, CFA, Chief Investment Officer at Hartford Funds and is based out of the firm’s Radnor, PA headquarters.
Effective December 1, 2015, Mortensen and Meyer will manage the Hartford Conservative Allocation, Hartford Moderate Allocation, the Hartford Growth Allocation and the Hartford Checks and Balances Funds. The investment objective for these funds will remain the same. Mr. Meyer currently serves as manager of the Hartford Growth Allocation Fund and the Hartford Checks and Balances Fund.
“We believe that Allison’s extensive asset allocation expertise will undoubtedly bring significant value to clients and our team,” said Mr. Meyer. “She has depth and breadth of knowledge and experience in the asset allocation space, which we believe will benefit current portfolios as well as new products designed to help clients meet and exceed their goals.”
Mortensen has more than 20 years of institutional asset management experience, most recently serving as a Senior Portfolio Manager for Aberdeen Asset Management, Inc. In this role, she managed multi-asset, multi-manager asset allocation strategies, and was responsible for the strategic asset allocation, portfolio construction and manager selection of multi-asset mutual funds. At Aberdeen, she also managed a diversified alternatives mutual fund and was a member of the Pan-Alternatives Investment Committee. Prior to joining Aberdeen, Mortensen was Vice President, Director of Quantitative Research at Morgan Stanley Investment Management. In that role, she conducted original studies to evaluate equity strategies and incorporated findings into fundamental investment processes.
About Hartford Funds
Founded in 1996, Hartford Funds is a leading provider of mutual funds and 529 college savings plans. Using its human-centric investing approach, Hartford Funds creates strategies and tools designed to address the needs and wants of investors. Leveraging partnerships with MIT AgeLab and leading practice management experts, Hartford Funds delivers insight into the latest demographic trends and investor behavior. Hartford Funds offers a diverse line-up of more than 45 mutual funds, sub-advised by Wellington Management, designed to address the challenges investors face and includes equity, fixed-income, multi-strategy, and alternative investments. The Company has mutual fund assets under management of $71.5 billion as of September 30, 2015 (excluding assets used in certain annuity products). For more information about the fund family, visit www.hartfordfunds.com.
All investments are subject to risks, including possible loss of principal.
Investors should carefully consider the investment objectives, risks, charges, and expenses of Hartford Funds before investing. This and other information can be found in the prospectus and summary prospectus, which can be obtained by calling 888-843-7824 (retail) or 800-279-1541 (institutional). Investors should read them carefully before they invest.
Hartford Funds are underwritten and distributed by Hartford Funds Distributors, LLC. Hartford Funds Management Company, LLC is the Funds’ investment manager and the Funds are sub-advised by Wellington Management Company LLP Hartford Funds Distributors, LLC is a subsidiary of The Hartford Financial Services Group Inc.
“The Hartford” is The Hartford Financial Services Group Inc. and its subsidiaries. Wellington Management Company, LLP is a SEC--registered investment adviser and an independent and unaffiliated sub-adviser to Hartford Funds.
Some of the statements in this release may be considered forward--looking statements as defined in the Private Securities Litigation Reform Act of 1995. We caution investors that these forward--looking statements are not guarantees of future performance, and actual results may differ materially. Investors should consider the important risks and uncertainties that may cause actual results to differ. These important risks and uncertainties include those discussed in The Hartford’s Quarterly Reports on Form 10--Q, our 2014 Annual Report on Form 10--K and the other filings The Hartford makes with the Securities and Exchange Commission. We assume no obligation to update this release, which speaks as of the date issued.
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