Overview
A. Opus began as the asset management division of the former State Mutual Life
Assurance Company of America (“State Mutual”), incorporated in 1844 in Massachusetts.
Opus was incorporated in 1985, doing business first as SMA Financial Corp and then
Allmerica Asset Management, reflecting corporate parentage. In 2003, our name was
changed to Opus. Opus is a wholly owned subsidiary of The Hanover Insurance Group, Inc.
(THG) (“The Hanover”) (previously Allmerica Financial Corporation), which began trading
on the New York Stock Exchange as a public company after completing the demutualization
of State Mutual in 1995.
Our mandate is to provide investment management services to a range of institutional
investors on a separate account basis, with a particular focus on investors in the insurance
industry. Opus manages money for unaffiliated firms as well as members of The Hanover
family of companies (the “Affiliated Clients”).
B. Opus generally offers discretionary investment advisory services on fixed income
products
to institutional investors including insurance companies, self-insurance groups
and other financial institutions. For some of our clients that wish to have equity market
exposure, we also offer advisory services related to mutual funds and exchange traded
funds. We currently provide advisory services on individual equity securities and
alternative investments only to our Affiliated Clients, or as part of a portfolio transition.
C. We tailor our investment services to a degree for each client. The individual client
investment guidelines, as well as any regulatory investment restrictions or limitations, are
considered when implementing the investment strategy for a particular client. Each client,
through its investment guidelines, imposes restrictions related to eligible asset classes,
duration, diversification and other items.
D. Opus does not participate in wrap fee programs.
E. As of December 31, 2023, Opus manages $11.4 Billion on a discretionary basis and
$0 on a non-discretionary basis.