SEATTLE--(BUSINESS WIRE)--Edge Asset Management (Edge) in Seattle, Wash., announces Greg Tornga has joined the firm as the head of fixed income and a portfolio manager. Edge is an affiliate of Principal Global Investors and member company of the Principal Financial Group®.
Tornga, with 15 years of experience, will lead the firm’s fixed income team. He joins Edge during a great period of growth, with assets under management (AUM) increasing 47 percent since June 2009 – to $20.6 billion as of June 30, 2011. Tornga’s responsibilities include overseeing $5.2 billion in core plus and investment-grade fixed income AUM.
“Greg’s addition brings years of proven performance and investment experience to a key area of focus for the firm,” said Jill Cuniff, president of Edge Asset Management. “We look forward to adding his leadership to this high performing team, and we count on his expertise being a valuable asset to our clients.”
“Edge’s strong track record, growing asset base and talented investment team offer an attractive long- term opportunity,” says Tornga. “I look forward to working with the team to continue delivering consistent returns to Edge’s clients.”
Tornga comes to Edge from Payden & Rygel Investment Management in Los Angeles, where he was senior vice president – head of investment grade credit. He is a CFA charter holder and earned his MBA from the Argyros School of Business at Chapman University.
About Edge Asset Management:
Edge Asset Management (formerly
WM advisors) has been a pioneer in the field of actively managed asset
allocation funds and is a leading fundamental manager delivering equity
and fixed income products focused on total return and income. Edge has
$20.6 billion in assets under management across all its investment
strategies. In 2007, Edge Asset Management was acquired by Principal
Global Investors, the asset management arm of the Principal Financial
Group.
About Principal Global Investors:
Principal Global Investors
is a diversified asset management organization and a member of the
Principal Financial Group®, with expertise in equities, fixed income and
real estate investments, as well as specialized overlay and advisory
services. Principal Global Investors manages $235.3 billion in assets
primarily for retirement plans and other institutional clients.*
About the Principal Financial Group
The Principal Financial
Group® (The Principal ®)1 is a
retirement and global asset management leader. The Principal offers
businesses, individuals and institutional clients a wide range of
financial products and services, including retirement, investment
services and insurance through its diverse family of financial services
companies. A member of the FORTUNE 500®, the Principal
Financial Group has $327.4 billion in assets under management2 and
serves some 16.4 million customers worldwide from offices in Asia,
Australia, Europe, Latin America and the United States. Principal
Financial Group, Inc. is traded on the New York Stock Exchange under the
ticker symbol PFG. For more information, visit www.principal.com
*As of March 31, 2011. Principal Global Investors is the asset management arm of the Principal Financial Group ® (The Principal ®)¹ and includes the asset management operations of the following subsidiaries of The Principal: Principal Global Investors, LLC; Principal Real Estate Investors, LLC; Spectrum Asset Management, Inc.; Post Advisory Group, LLC; Columbus Circle Investors; Edge Asset Management, Inc.; Morley Financial Services Inc.; Principal Global Investors (Europe) Limited; Principal Global Investors (Singapore) Ltd.; Principal Global Investors (Australia) Ltd.; Principal Global Investors (Japan) Ltd.; Principal Global Investors (Hong Kong) Ltd.; CIMB-Principal Islamic Asset Management Sdn. Bhd.; and the majority owned affiliates of Principal International, Inc. Assets under management includes assets managed by investment professionals of Principal Global Investors under dual employee arrangements with other subsidiaries of The Principal.
1 “The Principal Financial Group” and “The Principal” are registered service marks of Principal Financial Services, Inc., a member of the Principal Financial Group.
2 As of March 31, 2011.