Dwight Asset Management Company LLC Hires Senior Client Portfolio Manager

BURLINGTON, Vt., June 8, 2011 /PRNewswire/ -- Dwight Asset Management Company LLC (Dwight) announced today that it has hired John W. Allen as Senior Client Portfolio Manager. In this role, Allen will rely on his 30 years of industry experience to manage client relationships and construct strategies for stable value and fixed income portfolios.

Prior to joining Dwight, Allen spent more than 25 years as a senior investment consultant for Hewitt Investment Group. In this role, he served as a lead consultant for 14 client relationships, representing aggregate assets of over $12 billion.

"We're delighted to add John to our stable value team," said Matt Gleason, Dwight's Head of Stable Value. "John's extensive experience as an investment consultant has afforded him a deep knowledge and understanding of the needs and issues encountered by our client base. We expect his expertise in investment policy development, structure and design will serve our clients very well, particularly given the ever-changing stable value landscape."

Allen received a master of business administration degree from the Carlson School of Management in Minneapolis, MN and a bachelor degree in economics from the University of Minnesota.

About Dwight Asset Management Company LLC

Dwight Asset Management Company LLC focuses exclusively on fixed income investment management services for institutional clients including retirement plans, corporations, public funds, insurance companies, financial institutions, endowments, foundations, and Taft-Hartley plans. Based in Burlington, Vermont, Dwight manages and advises for approximately $53.6 billion as of March 31, 2011 and is an affiliate firm of Old Mutual Asset Management. See www.dwight.com for more information.

SOURCE Dwight Asset Management Company LLC