John Dwight
Dwight's consistent growth originates from the vision and values of its founder, John Dwight. A pioneer in what is now known as "work-life balance," John left a successful annuity business in Cincinnati early in his career to start a new company in Burlington, Vermont. Situated between Lake Champlain and the Green Mountains, John felt that Burlington offered a high quality of life within a reasonable distance of the financial worlds of Boston and New York City.
John founded Dwight in 1983, attracting a strong team of investment professionals who shared his solutions-based approach to working with clients.
Dwight Milestones
1980s:
Dwight helped pioneer the active management of stable value funds (then consisting primarily of guaranteed investment contracts) as a champion of the asset class. Dwight helped change the stable value landscape further in the late 1980s by uncoupling the book value wrap contract from the management of the bond portfolio to provide fund participants with more security.
1990s:
Dwight began managing high-quality bond portfolios that lay beneath the wrap contracts issued by banks and insurance companies.
1994: United Asset Management (UAM) purchased Dwight, providing additional synergy for new opportunities.
1998: Dwight acquired the Laughlin Group, based in Portland, Oregon. This relationship provided a strong presence to meet the needs of Dwight's growing West Coast client base.
2000s:
Old Mutual plc purchased UAM and Dwight initiated a successful leadership transition.
2000: Dwight acquired the client relationships and fixed income investment team of its affiliate, Dewey Square Investors Corporation.
2009: Facilitated by Old Mutual Asset Management, Dwight completed a collaborative liftout of Neuberger Berman Group's Cash Management Team. This cash management expertise allowed Dwight to offer complete investment solutions to clients and prospects while complementing Dwight's abilities within the stable value asset class.
Today:
Dwight's focus remains clear: meeting the needs of institutional fixed income investors. Dwight strives to achieve performance and service excellence for clients based on respect, integrity, and common goals.
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