The Fund will be managed by a team of seasoned portfolio managers with experience in both fixed-income and equity investing.

PMAM chose to launch the Fund as a series of The Advisors Inner Circle Fund III. AugPenn Mutual Asset Management (PMAM), a registered investment advisory firm and wholly owned subsidiary of The Penn Mutual Life Insurance Company (Penn Mutual), announces the launch of the Penn Mutual AM 1847 Income Fund (the “Fund”). In addition, Hong has been a Fellow of Society of Actuaries (FSA) since 2014.HORSHAM, Pa.

Hong has been a Chartered Financial Analyst (CFA) Charterholder since 2013. Hong received a Bachelor of Arts degree in Mathematics from Fudan University in Shanghai China, a Master of Science degree in Computer Science from Indiana State University and a Master of Arts degree in Financial Mathematics from Florida State University. He was also responsible for managing the ALM quantitative infrastructure. He also led complex enterprise-level focused asset allocation and asset-liability management (ALM) client engagements for a broad spectrum of asset classes to help inform clients’ optimal investment strategy.įrom 2017 to 2021, Hong was an investment specialist at Penn Mutual Asset Management where he served as a knowledge and communication conduit between investment portfolio managers and insurance actuaries. In this capacity, Hong designed industry-leading insurance asset allocation and risk management frameworks with insurance-specific considerations. Prior to rejoining Penn Mutual Asset Management, Hong was vice president, insurance solutions for BlackRock. In addition, he is responsible for managing the analytics infrastructure. In this role, Hong leads quantitative research and hedging strategies. Mu serves as portfolio manager of Penn Mutual Asset Management.

Penn mutual assets under management