CONNING INC. Profile
Conning Inc. is an investment management firm based out of Hartford, Connecticut. The company was originally established in 1912 and has grown from its inception to now operate with 238 total employees, all of whom are investment professionals. The firm has also expanded its physical presence on an international scale, now having locations in New York, London, Cologne, and Hong Kong. The current Conning Inc. was created out of a spinoff from Swiss Re in 2009, although the company would then be acquired by Cathay Life Insurance Co. in 2015, which Conning Inc. still acts as a subsidiary under. The company has also established an alliance with Ramius Alternative Solutions LLC. Conning Inc. conducts its research internally, allocating its assets across a wide variety of sectors. Conning Inc. invests most heavily in the finance sector, which alone makes up a fifth of its total asset allocations, and also invests in the information technology, consumer staples, industrials, energy, health care, consumer discretionary, and utilities and telecommunications sectors, among other sectors to a lesser degree, in order of decreasing allocation. The company holds its allocations an average of just under 30 quarters, although the firm only holds its top 10 allocations for 9.4 quarters on average. Conning Inc., in the most recent quarter, has had a turnover rate of approximately 14.4%. Conning Inc. manages over $79.1 billion in total assets under management spread across 485 total accounts, all of which are discretionary accounts except for 22 which make up $685 million of its managed assets. Both of Conning Inc’s total number of accounts and total assets under management have been increasing in recent years with its total managed assets growing from $72.8 billion back in 2010 to its current amount. The company mainly caters to insurance companies, which alone makes up over three quarters of its client base.