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ING Investment Buys Delta Capital

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NU Online News Service, April 21, 2003, 4:16 p.m. EDT – ING Investment Management Americas, Atlanta, is buying Delta Capital Management L.L.C., New York, a company that manages about $275 million for institutional investors and wealthy individuals.

Delta Capital, which was founded in 1998, specializes in investing in big companies with relatively low stock prices and relatively high earnings.

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William Coughlin, Delta Capital’s managing partner, and three other partners will become ING Investment portfolio managers, ING Investment says.

ING Investment is a unit of ING Groep N.V., Amsterdam.