CHIMCO Changes Name to Ascension Investment Management

ST. LOUIS, Sept. 27, 2013 /PRNewswire/ -- Catholic Healthcare Investment Management Company (CHIMCO) will change its name to Ascension Investment Management effective Oct. 1 to better align one of the nation's largest socially responsible investment portfolios with its parent organization, Ascension.

Based in St. Louis, Ascension Investment Management has approximately $26 billion in assets under management for Ascension and non-Ascension clients, both Catholic and non-Catholic institutional investors, that are focused on strategies that follow socially responsible investment guidelines. The new name reflects the company's completed transition from managing primarily Ascension assets to becoming a registered investment advisor and managing assets on behalf of outside clients.

"We are renaming our investment company and our commitment to St. Louis remains unchanged," Anthony R. Tersigni, Ed.D., FACHE, President and Chief Executive Officer of Ascension, said. "When we first formed the company in 2011, the vibrant local business climate and environment strongly influenced our decision to headquarter here. The city has become a recognized financial center and Ascension Investment Management will continue to operate from St. Louis," Tersigni added.

"Our name change to Ascension Investment Management ties us to the strength and stability of our national ministry and reflects our belief and conviction of investing with socially responsible guidelines," said David Erickson, CFA, chief investment officer. "Our investing philosophy, our experienced group of professional investment managers and portfolio diversification will continue unchanged."

The new name will not alter the company's regulatory status as a registered investment adviser with the U.S. Securities and Exchange Commission, using independent investment managers for its 17 investment strategies.

On July 1, Ascension Health Alliance changed its name to Ascension to more clearly identify that it is one national ministry with subsidiaries operating in 23 states and the District of Columbia.

For more information about Ascension Investment Management and its socially responsible investment approach, please contact Jessica Cook, Director of Business Development, at 314.733.8413 or [email protected].

About Ascension
Ascension (www.ascension.org) is a Catholic healthcare organization dedicated to the transformation of healthcare through excellent clinical care throughout the continuum and through innovation. Its subsidiaries include Ascension Health, the nation's largest Catholic and non-profit health system. Ascension Health provides the highest quality care to all with special attention to those who are poor and vulnerable. Last year Ascension Health provided nearly $1.5 billion in care of persons living in poverty and community benefit programs. Its Mission-focused Health Ministries employ more than 150,000 associates serving in more than 1,500 locations in 23 states and the District of Columbia. Other Ascension subsidiaries focus on service areas ranging from biomedical engineering to treasury management functions to resource and supply management to venture capital investing.

SOURCE Ascension Investment Management