Important Performance Disclosure: PMAM claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. The investment philosophy and process for the strategy remained consistent. Securities and Exchange Commission in accordance with the Investment Advisers Act of 1940.Ĭhange in Management: Effective June 2014, the co-portfolio managers for this strategy were replaced. In addition, Hong has been a Fellow of Society of Actuaries (FSA) since 2014.Definition of Firm: Penn Mutual Asset Management, LLC (“PMAM” or 'The Firm') is a registered investment adviser with the U.S.

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