Two Penn Mutual Penn Series Fund Managers Named MorningStar's 2012 Fund Managers of the Year

Penn Series Fund Managers Rajiv Jain and David Giroux have received 2012 Morningstar awards.

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The Penn Mutual Life Insurance Company

Philadelphia, Pa. (PRWEB) January 31, 2013

The Penn Mutual Life Insurance Company, a more than 165-year-old company, is pleased to announce two of its portfolio managers for the Penn Series Funds have received Morningstar’s 2012 U.S. Fund Manager of the Year award.

Rajiv Jain was named U.S. International-Stock Fund Manager of the Year for his management of the Virtus Foreign Opportunities Fund, the comparably managed retail mutual fund for the Penn Series International Equity Fund and Virtus Emerging Markets Opportunities. David Giroux was tabbed as U.S. Allocation Fund Manager of the Year for his management of the T. Rowe Price Capital Appreciation Fund, the comparably managed retail mutual fund for the Penn Series Flexibly Managed Fund.

“On behalf of Penn Mutual, I congratulate both Rajiv and David on their much-deserved recognition,” Keith Huckerby, AVP said. “These two Penn Series Fund Managers have shown dedication and talent within their respective investment categories, and we are proud to have them on our platform.”
The Penn Series Funds are only available through Penn Mutual's variable life insurance and annuity products and provide clients with a selection of investment options that help meet the diverse needs of today's investor. Through careful due diligence and selection, Penn Mutual strives to provide access to some of today's leading investment managers.

Established in 1988, the Morningstar Fund Manager of the Year award recognizes portfolio managers who demonstrate excellent investment skill and the courage to differ from the consensus to benefit investors. To qualify for the award, managers’ funds must have not only posted impressive returns for the year, but the managers also must have a record of delivering outstanding long-term risk-adjusted performance and of aligning their interests with shareholders’. Nominated funds must be Morningstar Medalists — a fund that has garnered a Morningstar Analyst Rating of Gold, Silver or Bronze. The Fund Manager of the Year award winners are chosen based on Morningstar’s proprietary research and in-depth qualitative evaluation by its fund analysts.

About The Penn Mutual Life Insurance Company

Since 1847, Penn Mutual has been driven by our noble purpose to create a world of possibilities. At the heart of this purpose is the belief that life insurance is the most protective, responsible and rewarding action a person can take, and is central to a sound financial plan. The company is committed to helping families unlock life’s possibilities through life insurance and annuity solutions. This is accomplished through a national network of financial professionals, who help clients make great things possible. Penn Mutual supports its field representatives with brokerage services through Hornor, Townsend & Kent, Inc., Registered Investment Advisor and wholly owned subsidiary. Member FINRA/SIPC. Visit Penn Mutual on the Internet at

Investors should consider the investment objectives, risks, charges and expenses of a variable insurance product carefully before investing. Please carefully read the prospectuses for the relevant variable insurance product as well as its underlying investment options, which contain this and other information about the product. You can obtain a prospectus from a Penn Mutual financial professional.

Penn Mutual’s investment options are subject to market risk and may lose value. For more details about Penn Mutual’s variable insurance products, please ask for a product brochure and/or prospectus.

Not a guarantee of future performance or success.

2013 The Penn Mutual Life Insurance Company, 600 Dresher Road, Horsham, PA 19044.



Barb Parassio
(215) 790-7813

Keith Bratz
Penn Mutual
(215) 956-7907



  • Keith Bratz
    Penn Mutual
    (215) 956-7907
  • Barb Parassio
    (215) 790-7813