Aeltus Investment Management will acquire 25% of Elijah Asset...

Aeltus Investment Management will acquire 25% of Elijah Asset Management by year-end. Terms of the deal were not disclosed. Elijah, a growth and technology stock manager with about $1 billion under management, will subadvise some Aeltus retail and variable-annuity products and eventually might subadvise some funds sold under the Aetna name. Aeltus also might use Elijah to provide some institutional investment management vehicles.