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Clark Wagner appointed President of Foresters Investment Management Company


Foresters Financial has appointed Clark Wagner as President of First Investors Management Company (FIMCO), effective 23 May, 2016.

In his new, all-encompassing role, Wagner will manage the firm's US asset management business, which includes the First Investors family of funds, as well as the general account assets of Foresters Financial. This new position follows Wagner's appointment as Vice President and Chief Investment Officer of Foresters Financial in February 2016.

"We are delighted that Clark has accepted this new position to both lead and expand the firm's global investment platform," says Bill Lipkus, President and CEO of Foresters Financial Holding Company, Inc. "With his deep industry knowledge, impressive track record and proven leadership experience, I am confident that Clark will effectively position FIMCO for a successful and dynamic future."

"I am both excited and honoured to have this opportunity to lead FIMCO," says Wagner. "I look forward to leveraging the firm's superb talent base and exceptional resources to position us as the investment company of choice for investors seeking to secure their financial futures. I am particularly grateful to work for an organisation that prides itself on doing more than the average financial services provider – for individuals, their families and their communities."

Under Wagner's leadership, FIMCO will continue to respond to client needs by introducing new and innovative investment products.

"Investors today are still very cautious about the markets," says Wagner, "They recognise that strong active management can help mitigate downside risk, while providing meaningful returns. That is why we launched our Covered Call Strategy Fund in April and have plans to roll out additional products with similar downside protection features in the near future."

During the past two years, FIMCO successfully launched four new mutual funds to further diversify its product lineup (Balanced Income Fund, Floating Rate Fund, Real Estate Fund and Covered Call Strategy Fund).

Wagner has a long history of dedication to the financial services industry and FIMCO, with 30 years of experience in the fixed income markets. Hired by Foresters Financial as Portfolio Manager for the municipal bond funds in 1991, he was appointed Director of Fixed Income in 2001. He leads the Foresters Financial US investment, research and strategy, and fund accounting teams, and is responsible for overseeing management of over USD15 billion in mutual fund and insurance general account assets. Over the years, he and his team have been recognised by industry publications and peer groups for the performance of many of their managed funds.

In April of this year, Barron's placed First Investors Funds 9th out of 58 fund families for the 5-year period ended 2015. While 2015 proved to be a very difficult year for the markets, First Investors Funds ranked a respectable 27th out of 67 fund families, a testament to the leadership of Wagner's fixed income team, as well as the equities team, led by Edwin Miska, FIMCO's Director of Equities.

In addition to his multifaceted roles at FIMCO, Wagner is also a member of the Investment Company Institute's Municipal Securities Advisory Committee, the Municipal Analysts Group of New York, the Municipal Forum of New York and the Municipal Bond Buyers Conference where he previously served as Chairman. He has been a guest on CNBC and Bloomberg TV, a speaker and panelist at various conferences, and a contributing author for "The Handbook of Municipal Bonds."

Wagner received a Master's degree in International Affairs from Columbia University in New York and a Bachelor's degree in History from Williams College in Massachusetts. He is an active member of the Great Swamp Watershed Association and the Nantucket Conservation Foundation.

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