NEW YORK--(BUSINESS WIRE)--
Tiptree Asset Management Company, LLC (“TAMCO”), the asset management subsidiary of Tiptree Inc. (“Tiptree”) (NASDAQ: TIPT), today announced that it has signed the United Nations-supported Principles for Responsible Investment (“PRI”) on behalf of itself and its affiliate Telos Asset Management LLC (“Telos”).
TAMCO, an SEC registered investment advisor, is Tiptree’s primary holding company for its asset management business. Telos is a global credit manager with approximately $1.9 billion of fee earning assets under management.
The PRI is an international global network of asset managers, owners and service providers working together to put responsible investment into practice. PRI signatories commit to developing, documenting and integrating environmental, social and corporate governance (“ESG”) considerations into investment decision-making and ownership practices.
“We are delighted to welcome TAMCO as a PRI signatory,” said Fiona Reynolds, managing director of the PRI. “Their recognition of the material risks that ESG issues present is to be commended and further demonstrates the growing awareness and importance of ESG to the investment decision-making process.”
About Telos Asset Management LLC
Telos is an asset management company, founded in 2006, focused on investing in corporate credit and CLO tranches through managed accounts, structured investment vehicles such as CLOs, credit opportunity funds and long-only strategies. The Telos senior investment management team has average experience exceeding 20 years and includes investments in all layers of the capital structure from senior secured debt to common equity.
About Tiptree Inc.
Tiptree is a diversified holding company engaged through its consolidated subsidiaries in a number of businesses and is an active acquirer of new businesses. Tiptree, whose operations date back to 2007, currently has subsidiaries that operate in four industries: insurance and insurance services, specialty finance, asset management and real estate. Tiptree’s principal investments are included in a corporate and others segment.
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