July 23, 2016 6:56 AM ET

Capital Markets

Company Overview of Penn Mutual Asset Management, Inc.

Company Overview

Penn Mutual Asset Management, Inc. is an asset management arm of Penn Mutual Life Insurance Co. The firm primarily provides its services to investment companies. It manages mutual funds for its clients. The firm invests in the public equity and fixed income markets of the United States. It was formerly known as Independence Capital Management. Penn Mutual Asset Management, Inc. is based in Radnor, Pennsylvania with an additional office in Horsham, Pennsylvania.

600 Dresher Road

Suite C1L

Horsham, PA 19044

United States





Key Executives for Penn Mutual Asset Management, Inc.

Chairman and Chief Executive Officer
Age: 41
President, Chief Marketing Officer, and Portfolio Manager
Age: 45
Senior Vice President, Treasurer, Chief Compliance Officer, and Chief Financial Officer
Managing Director and Portfolio Manager
Managing Director and Portfolio Manager
Compensation as of Fiscal Year 2016.

Penn Mutual Asset Management, Inc. Key Developments

Penn Mutual Asset Management, Inc. Announces the Launch of Its First Private Investment Fund

Penn Mutual Asset Management, Inc. announced the launch of its first private investment fund. The fund’s launch represents an important milestone as the firm looks to expand its footprint by growing and strengthening relationships with institutional investors and charting a course for future growth. PMAM is the entrusted investment adviser of The Penn Mutual Life Insurance Company (Penn Mutual), the parent company of PMAM, and adviser for the Penn Series Funds, Inc., a proprietary mutual fund complex.

Penn Mutual Asset Management, Inc. Promotes Mark Heppenstall to Chief Investment Officer

Penn Mutual Asset Management, Inc. announced the promotion of Mark Heppenstall, CFA, former managing director and portfolio manager, to chief investment officer (CIO). Since joining PMAM in June 2014, Heppenstall has demonstrated a track record of excellence in leadership, and delivered above average risk adjusted returns for Penn Mutual’s policyholders. In his new role as CIO, Heppenstall will continue to lend his expertise in the management of investment grade rated corporate and structured fixed income investments, while taking on a larger role shaping the firm’s overall investment strategy. His investment team will be comprised of three managing directors and portfolio managers, including Zhiwei Ren, CFA, Trevor Williams, CFA, and Greg Zappin, CFA.

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Recent Private Companies Transactions

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