IGF is launching six series of GIAs, which combine a portfolio of Treasury strips to guarantee a minimum return on the contract and a portfolio managed by a subadviser designed to provide additional return. The contracts are designed to provide better returns than money markets - with AAA quality and low volatility, said IGF Chairman Douglas King. The series will be valued at $250 million to $500 million each, and each will use a different asset class. Ryan will run government bonds and GAMCO will run domestic growth stocks.
Mr. King said IGF is about to sign up four other managers to handle midcap equity, an S&P 500 index, high-yield corporate bonds and managed futures for the other four. Additionally, Ryan will provide research to manage the Treasury strips portfolios