ECONOMIC & BOND MARKET QUARTERLY UPDATE - Second Quarter 2007


Dwight News

Andrew Apostol Joins Dwight as Client Portfolio Manager

Andrew Apostol

Andy Apostol joined Dwight’s Client Portfolio Management Team in May. Andy’s extensive experience in the stable value market will help continue Dwight’s tradition of developing strong client relationships. Prior to joining Dwight, Andy spent the last 16 years as a Senior Account Manager for INVESCO’s stable value and fixed income business. He began his investment career in 1991 at Wyatt Asset Services where he worked as a consultant on stable value investments, pension plan liability transfers, and annuities. Andy earned a Bachelor of Science degree from the University of Oregon. He enjoys golfing, antique repair, furniture refinishing, and home improvement projects.

Steven Clancy Joins Dwight as Portfolio Manager Specializing in Mortgage-Backed Securities

Steven Clancy

Steve Clancy joined Dwight’s Investment Team in May. Steve specializes in mortgage-backed securities. Prior to joining Dwight, Steve was a Trader on the CMO Trading Desk at Nomura Securities Inc. While at Nomura, Steve was involved in structuring and trading new issue Agency and private label CMO transactions in both the fixed rate and floating rate markets. Steve earned a Bachelor of Arts degree from Cornell University. In his spare time, he enjoys skiing, tennis, and wine collecting.

Donald Hill Joins Dwight as Head of Insurance Business Development

Donald Hill

Donald Hill joined Dwight’s Business Development Team in June. His more than 34 years of experience in the investment industry have been focused primarily in the insurance sector. Most recently, he was Senior Sales/Client Relations Manager for Babson Capital Management, and before that worked at Putnam Investments, First Boston, and Chancellor/Citigroup. Don earned a Bachelor of Arts degree from the University of Connecticut. He plays tennis and golf and enjoys sailing with his wife and two sons.

This information reflects the viewpoint of Dwight Asset Management Company as of July 2007 and is subject to change. This article was prepared for general informational purposes only, without respect to the investment objectives, financial profile, or risk tolerance of any specific person or entity who may receive it. Investors should seek financial advice regarding the appropriateness of investing in any investment strategy or security discussed or recommended in this article and should understand that statements regarding future performance may not be realized. Investors should note that income, if any, from any investment strategy or security may fluctuate and that underlying principal values may rise or fall. Past performance is not necessarily a guide to future performance.
 

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