Phoenix Cos. Inc. said its fixed-income investment division based in Hartford, Conn., has become a registered investment adviser under the name of Goodwin Capital Advisers Inc.
Previously the division was organized under Phoenix Investment Counsel, which will continue to manage equity investments and serve as the investment adviser for all Phoenix mutual funds.
Goodwin has expertise in all sectors of the bond market, including evolving, specialized, and out-of-favor sectors, Phoenix Cos. said. The division expects to have more than $17 billion of mutual fund and institutional account fixed-income assets under management when its investment management agreements are complete.
The structural change was announced last week.
Goodwin and Phoenix Investment Counsel will remain wholly owned subsidiaries of Phoenix Cos.
