Overview
AAA is a Delaware limited liability company, which has been in business since February
2008, and has one office in Hartford, Connecticut. The Firm is a wholly owned subsidiary
of Aetna Financial Holdings, LLC, a Delaware limited liability company, which is wholly
owned by Aetna Inc., a Pennsylvania corporation, which is ultimately wholly owned by
CVS Health Corporation, a Delaware corporation whose shares are publicly traded on the
New York Stock Exchange.
AAA provides investment advice, both discretionary and non-discretionary, with respect
to purchases of investment-grade securities, particularly in the short-term investment-grade
market sectors, such as commercial paper and U.S. Treasury, agency, and corporate
obligations. As is discussed below, AAA acts as a sub-adviser with discretionary trading
authority with respect to two pooled investment vehicles advised by UBS Realty Investors
LLC ("UBS"), whose focus is the real estate sector. The Firm also provides non-
discretionary investment advice regarding short-term investments with respect to an
additional single-investor fund focusing on the real estate sector, which also is advised by
UBS (collectively
with the pooled investment vehicles, the "UBS Funds"). With respect
to the non-discretionary advice, AAA causes the cash assets of the single-investor fund to
be invested in one or more money market mutual funds, as directed by UBS in its sole
discretion, while monitoring the status of such investments and periodically making
recommendations to UBS about alternative short-term investments for such assets.1
In addition, AAA provides discretionary advice regarding short-term investments with
respect to a statutory separate account (“Separate Account”) of Aetna Life Insurance
Company (“ALIC”), one of its affiliates, whose participants include various corporate and
government pension plans, including the defined benefit pension plan for employees of its
indirect parent, Aetna Inc. The Firm also provides discretionary advice regarding short-
term investments for certain proprietary accounts of its affiliates.
AAA does not offer or participate in wrap fee programs.
As of December 31, 2023, AAA had client assets under management of $307,958,000 on
a discretionary basis (including the above-mentioned Separate Account) and $5,229,000
on a non-discretionary basis.