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Hawaiian Trust Co., a subsidiary of the Bank of Hawaii, brought its Mainland consultants here last week to explain to clients the strength of its insurance-based investment fund.
"It is made up of annuity, or guaranteed interest, contracts we buy from insurance companies. They look and act like bonds in that they have specific maturities and set interest rates for that period of time," according to Douglas T. Stevenson, Hawaiian Trust's vice president for new business.
The yield on money invested in the fund is substantially better than earnings on money market funds or Treasury bonds, he said.
Hal Morley, president of Lake Oswego, Ore.-based Morley Capital …