Penn Mutual Asset Management, LLC

Penn Mutual Asset Management is a registered investment adviser that manages investment portfolios exclusively for affiliated clients, including insurance company general accounts, separate accounts, registered investment companies, and other affiliated corporate entities. The firm offers discretionary investment management across a variety of strategies, with a primary focus on fixed-income investments, liability-driven investing for insurance portfolios, and fund-of-funds strategies. Penn Mutual Asset Management employs a value-based analytical framework that incorporates macroeconomic assessments, relative value analysis across asset classes, and fundamental security selection. The firm may also retain independent sub-advisers to manage portions of client portfolios. Because Penn Mutual Asset Management serves institutional and affiliated clients rather than individual retail investors, its services and fee structures are tailored to large-scale institutional needs.