GENERAL RE NEW ENGLAND ASSET MANAGEMENT INC Profile
General Re New England Asset Management Inc. is a private investment management firm based out of Farmington, Connecticut. The company was established in 1984 and has expanded from its inception to have another office in Rancho Santa Fe. The firm is headed by CEO William E. Rotatori and has grown to 91 employees of which 40 are investment professionals. General Re New England Asset Management was acquired by Berkshire Hathaway Inc. in 1998 and has become independent again since then, operating under the General Re Corporation. The company conducts its research internally and utilizes a fundamental methodology to make its investment decisions. The firm focuses on the value stocks of companies, allocating its assets in the fixed income and public equity markets on a global scale. General Re New England Asset Management invests most heavily in the finance sector, which alone makes up almost three quarters of its total asset allocations, and also invests in the consumer staples and industrials sectors, among other sectors such as information technology and utilities and telecommunications to a lesser degree, in order of decreasing allocation. The company’s top holding in Wells Fargo & Co. alone makes up a third of its total allocations, and the firm has a turnover rate of 15.5%. General Re New England Asset Management holds over $81.4 billion in total assets under management spread across 636 accounts of which 568 are discretionary making up $66.5 billion of its managed assets with the rest being nondiscretionary. The company’s total managed assets has grown from $60 billion back in 2010 to its current amount. General Re New England Asset Management mainly caters to insurance companies, which alone makes up three quarters of its client base, and also caters to insurance companies, high net worth individuals, pension and profit sharing plans, charities, corporations, pooled investment vehicles, and others.