Overview
Firm Ownership
Founded in 2019, SIM is an investment advisory firm with its principal place of business in Farmington,
Connecticut, with additional operations in Bellevue, Washington. Symetra Financial Corporation (“SFC”),
a Delaware corporation, is the sole shareholder of SIM. SFC is a wholly owned subsidiary of Sumitomo
Life Insurance Company, a mutual company (sougo kaisha) organized under the laws of Japan (“Sumitomo
Life”).
Advisory Services
SIM offers discretionary investment advisory services to institutional clients, including institutional clients
that control or are under common control with SIM (each an “Affiliate”). SIM does not provide retail or
consumer advisory services.
SIM’s advisory services generally involve investment strategies in fixed income, derivatives, and
alternative asset classes. Accounts are managed in accordance with the investment objectives or guidelines
agreed to with the client pursuant to an investment management agreement. Unless otherwise instructed or
directed by a client, SIM has the discretionary authority generally to determine the type and amount of
investments to be purchased and sold for the account of a client (subject to restrictions on advisory activities
set forth in the applicable advisory agreement and any written investment guidelines of the client), and, if
applicable, determine the broker-dealers and other intermediaries to be used in connection with a client’s
investment transactions. Item 5 and Item 8 provide additional information concerning method(s)
of analysis
and investment strategy/strategies.
While SIM relies on its own resources and personnel with respect to its business operations, SIM does have
shared servicing arrangements in place with certain of its Affiliates in which such Affiliates provide certain
services in connection with SIM’s operations and the management of client accounts. Such services include
certain back office, information technology, human resources and other support services utilizing certain
property, equipment and facilities, and personnel of Affiliates. Such shared personnel are subject to the
standards of SIM’s applicable compliance policies and procedures in the performance of their duties related
to SIM and the administration of client accounts. SIM has shared servicing arrangements in place with
certain of its Affiliates in which SIM is hired to serve as an Outsourced Chief Investment Officer (OCIO)
to provide advisory services as described above to such Affiliates. In addition, SIM has certain officers of
its commercial mortgage lending affiliate (See Item 10 for details) who serve in an investment advisory
capacity and serve as officers of some of its Affiliates through dual-hatting in order to authorize commercial
mortgage lending by the Affiliates.
Assets Under Management
SIM’s regulatory assets under management as of December 31, 2023 (rounded to the nearest dollar) was as
follows:
Discretionary: $ 64,586,358,135
Non-Discretionary: $ 10,011,843,749
Total: $ 74,598,201,884