Debt fund aimed at small financial institutions
Fort Washington Investment Advisors Inc., the money management arm of Western-Southern Enterprise, is rolling out a high-yield debt fund aimed at smaller financial institutions.
Fort Washington High Yield Investors LLC, seeded with $50 million by various Western-Southern units, was rolled out early in May. The initial fund helped immediately diversify the fund, said Brendan White, a Fort Washington assistant vice president and portfolio manager of the fund.
"This is going to be a good fund for us," White said. "This gives smaller institutions the management that is usually available only to larger …