The CONNING GROUP is a privately held investment adviser that advises $175.94Bn in regulatory assets under management held in 6 SEC fund types across 8 investment strategies. CONNING GROUP is a Private Fund A private fund manager is a manager whose >=75% of total assets under management are in private funds (privately offered pooled vehicles for accredited or qualified investors, generally accessed through placements with higher minimums, restricted eligibility, and negotiated terms) Manager. Assets increased by 34.78% over the last 5-years.
The Group has been registered with the SEC for 54.17 years and is comprised of 7 filing and 0 relying advisers. They operate out of 7 office locations with their Headquarters at ONE FINANCIAL PLAZA 755 MAIN STREET, HARTFORD, CT. The Group has been subject to regulatory enforcement actions. They are regulated by 14 US and Non-US bodies.
They have 475 employees comprised of 365 investment and 110 non-investment staff. The total number of Employees increased by 14.46% over the last 5-years.
Their $175.94Bn in assets advised are owned by 134 private funds, 3 public funds and BDCs and 201 other accounts. Assets of Insurance Companies clients own $91.75Bn or 52.15% of Total Assets and Pooled Investment Vehicles (Not IC or BDC) own $72.57Bn or 41.24% of Total Assets.
The Group's top investment strategies include FI/Credit - Diverse, Secondaries and FI/Credit - Lending, representing 77.72%, 15.41% and 3.42% of total assets, respectively.
They advise 8 types of clients, top clients are Insurance Companies and Pooled Investment Vehicles (Not IC or BDC).
The Group uses 6 Fund Administrators, 3 Fund Auditors, 1 Prime Brokers, 14 Custodians and 17 Marketers. It does not report a third-party Fund Administrator in 6 private funds with $1.04Bn in assets.
The Group discloses advisory fees, fixed fees, management fees and performance-based fees.
CONNING GROUP names 0 sub-advisers to 0 different funds advised by the group. The Group has been named as the sub-adviser to 4 funds.
They have a HIGH-WATCH risk business model that requires a high degree of process maturity to manage operational risk. A Manager Group has a "High Complexity" when 25% or more of 63 business conditions measured require a high level of process maturity to manage the risk. The "Watch" suffix indicates that one or more of the following business conditions carry a high-complexity score: 1) % Fund Assets Valued Internally, 2) prior Regulatory Violations, 3) Unqualified Audits, 4) Multi-Functional C-Suite and 5) Business Concentration Risk with an Auditor or Administrator.
In CONNING GROUP's case, they have 28 business conditions that require high process maturity and 1 Watch Factors.