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Reed Nuttall Retires from AAM

April 8, 2025

On April 1, Reed Nuttall officially retired after 23 years of service at AAM. He spent two decades as AAM’s Chief Investment Officer in which he played a pivotal role in shaping our firm’s investment strategies and leading the portfolio management process with unwavering dedication. Under Reed’s leadership, our Core Fixed Income strategy has achieved strong performance, ranking among the leaders in the industry.

Though he stepped down as CIO last year, his impact as a Senior Portfolio Manager has remained strong, and his contributions over the years have left a lasting legacy. Beyond his sharp investment acumen, Reed has been a trusted leader, colleague, and friend to so many of us.

John Schaefer shared, “Reed’s leadership and expertise have been instrumental in AAM’s growth and success. His commitment to excellence and mentorship has helped shape our firm, and we are grateful for all he has done. We wish him the very best in this next chapter.”

Reed’s last message to his colleagues before retiring was the following:

“Before I ride off into the sunset, I wanted to thank all of you for being my friend. This has been a wonderful place to work. Thanks to John, this is a place that if you have an idea—it’s possible to be heard and to get things implemented. Each of you have contributed to the success of AAM by making your job better. That doesn’t happen everywhere. Thank you for speaking up in our meetings, for the hours of study to be better investors and the care you showed our clients.

Karen and I plan to have fun, we’ll be playing golf, hanging out with the grandkids and occasionally catching a BYU game…go Cougs!”

Please join us in congratulating Reed on a remarkable career and wishing him all the best in retirement!

Disclaimer: Asset Allocation & Management Company, LLC (AAM) is an investment adviser registered with the Securities and Exchange Commission, specializing in fixed-income asset management services for insurance companies. Registration does not imply a certain level of skill or training. This information was developed using publicly available information, internally developed data and outside sources believed to be reliable. While all reasonable care has been taken to ensure that the facts stated and the opinions given are accurate, complete and reasonable, liability is expressly disclaimed by AAM and any affiliates (collectively known as “AAM”), and their representative officers and employees. This report has been prepared for informational purposes only and does not purport to represent a complete analysis of any security, company or industry discussed. Any opinions and/or recommendations expressed are subject to change without notice and should be considered only as part of a diversified portfolio. Any opinions and statements contained herein of financial market trends based on market conditions constitute our judgment. This material may contain projections or other forward-looking statements regarding future events, targets, or expectations, and is only current as of the date indicated. There is no assurance that such events or targets will be achieved and may be significantly different than that discussed here. The information presented, including any statements concerning financial market trends, is based on current market conditions, which will fluctuate and may be superseded by subsequent market events or for other reasons. Although the assumptions underlying the forward-looking statements that may be contained herein are believed to be reasonable, they can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. AAM assumes no duty to provide updates to any analysis contained herein. Past performance is not an indication of future returns. This information is distributed to recipients including AAM, any of which may have acted on the basis of the information or may have an ownership interest in securities to which the information relates. It may also be distributed to clients of AAM, as well as to other recipients with whom no such client relationship exists. Providing this information does not, in and of itself, constitute a recommendation by AAM, nor does it imply that the purchase or sale of any security is suitable for the recipient. Investing in the bond market is subject to certain risks including market, interest-rate, issuer, credit, inflation, liquidity, valuation, volatility, prepayment, and extension. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission.