Hartford Investment Management Company continues to strengthen its
investment management capabilities with the hiring of Joseph Darcy as
executive vice president and sector head of municipal finance. Darcy
joined the firm January 25, 2010. In this role, Darcy has been added as
a portfolio manager of The
Hartford High Yield Municipal Bond Fund1 and The
Hartford Tax-Free National Fund2 alongside Christopher
Bade.
"With 30 years of investment management experience and an extensive
focus in tax-exempt investing and trading, Joe is an important addition
to the team,” said Greg McGreevey, president of Hartford Investment
Management. "He is an experienced and disciplined investor who places a
premium on shareholder interests. This focus has led to consistent,
long-term superior performance through some of the most challenging
environments we’ve seen.”
"I am very proud to join Hartford Investment Management and I look
forward to working with my teammates in Municipal research and portfolio
management,” said Darcy.
Darcy comes to Hartford Investment Management after 16 years with BNY
Mellon Asset Management where his responsibilities included portfolio
management of $5.5 billion in open-end national- and state-specific
mutual fund assets, as well as an oversight role on one of the firm’s
research and trading platforms. Prior to BNY Mellon Asset Management,
Darcy served as vice president and portfolio manager of tax-exempt asset
management at Merrill Lynch. He has also held positions with Chemical
Bank and Prudential Securities in institutional sales, marketing, and
municipal trading.
Darcy holds a bachelor’s degree, Magna cum Laude, from State University
of New York at Buffalo.
About Hartford Investment Management
Hartford Investment Management Company, a subsidiary of The Hartford
Financial Services Group, Inc. (NYSE: HIG), is a registered investment
advisor providing investment management services to both institutions
and individuals, including affiliated and non-affiliated corporations,
foundations and endowments, mutual funds and employee benefit plans.
About The Hartford
Celebrating nearly 200 years, The Hartford (NYSE: HIG) is an
insurance-based financial services company that serves households,
businesses and employees by helping to protect their assets and income
from risks, and by managing wealth and retirement needs. A Fortune 500
company, The Hartford is recognized widely for its service expertise and
as one of the world’s most ethical companies. More information on the
company and its financial performance is available at www.thehartford.com.
HIG-L
Some of the statements in this release may be considered forward-looking
statements as defined in the Private Securities Litigation Reform Act of
1995. We caution investors that these forward-looking statements are not
guarantees of future performance, and actual results may differ
materially. Investors should consider the important risks and
uncertainties that may cause actual results to differ. These important
risks and uncertainties include those discussed in our Quarterly Reports
on Form 10-Q, our 2008 Annual Report on Form 10-K and the other filings
we make with the Securities and Exchange Commission. We assume no
obligation to update this release, which speaks as of the date issued.
You should carefully consider investment objectives, risks, and
charges and expenses of The Hartford Mutual Funds before investing. This
and other information can be found in the Fund's prospectus, which can
be obtained from your investment representative or by calling
888-843-7824. Please read it carefully before you invest or send money.
1 A significant percentage of the Fund’s assets may be below
investment grade securities ("high-yield securities" or "junk bonds"),
which are rated lower because there is a greater possibility that the
issuer may be unable to make its interest and principal payments.
This Fund is subject to liquidity risk because its investments may trade
less frequently or are not readily marketable; this may adversely affect
the Fund's value or prevent the Fund from being able to meet cash
obligation or take other investment opportunities.
This Fund is a non-diversified fund that invests in the securities of
fewer issuers, which may subject the Fund to greater market fluctuations
and price volatility than a diversified fund.
The Fund is subject to credit risk (the risk that the issuing company
may not be able to pay interest and principal when due), interest rate
risk (the risk that your investment may go down in value when interest
rates rise), and risk of loss (the risk that you could lose money on
your investment).
The Fund may invest in securities that produce income subject to tax
including the Alternative Minimum Tax.
2 The Fund is subject to credit risk (the risk that the
issuing company may not be able to pay interest and principal when due),
interest rate risk (the risk that your investment may go down in value
when interest rates rise), and risk of loss (the risk that you could
lose money on your investment).
A portion of this Fund’s assets may be below investment grade securities
("high-yield securities" or "junk bonds"), which are rated lower because
there is a greater possibility that the issuer may be unable to make
interest and principal payments on those securities.
This Fund is subject to liquidity risk because its investments may trade
less frequently or are not readily marketable; this may adversely affect
the Fund's value or prevent the Fund from being able to meet cash
obligation or take other investment opportunities.
The Fund may invest in securities that produce income subject to tax
including the Alternative Minimum Tax.
The Hartford Mutual Funds are underwritten and distributed by Hartford
Investment Financial Services, LLC.
"The Hartford" is The Hartford Financial Services Group, Inc. and its
subsidiaries.