A financial services company has come up with what it says is a new kind of insurance contract investment fund.
A unit of Pacific Life Insurance Company, Newport Beach, Calif., has introduced the Long/Short Large-Cap investment option.
The investment option, designed for Pacific Life variable life and variable annuity portfolios, uses money managers who use a fundamental approach and managers who use a quantitative approach.
The fund managers will be Analytic Investors L.L.C., Los Angeles, and J.P. Morgan Investment Management Inc., a unit of J.P. Morgan Chase & Company, New York.
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