Voya 2014 Annual Report Download - page 44

MASS. Investment Management’s MASS platform offers a variety of investment products and strategies that
combine multiple asset classes with asset allocation techniques. The objective of the MASS platform is to
develop customized solutions that meet the specific, and often unique, goals of investors with products that
change dynamically over time in response to changing markets and client needs. Utilizing core capabilities in
asset allocation, manager selection, asset/liability modeling, risk management and financial engineering, the
MASS team has developed a suite of target date and target risk funds that are distributed through our Retirement
Solutions business and to institutional and retail investors. These funds can incorporate multi-manager funds. The
MASS team also provides pension risk management, strategic and tactical asset allocation, liability-driven
investing solutions and investment strategies that hedge out specific market exposures (e.g., portable alpha) for
clients.
Senior Bank Loans. Investment Management’s senior bank loan group is an experienced manager of below-
investment grade floating-rate loans, actively managing diversified portfolios of loans made by major banks
around the world to non-investment grade corporate borrowers. Senior in the capital structure, these loans have a
first lien on the borrower’s assets, typically giving them stronger credit support than unsecured corporate bonds.
The platform offers institutional, retail and structured products (e.g., CLOs), including on-shore and off-shore
vehicles with assets of $19.3 billion as of December 31, 2014.
Alternatives. Investment Management’s primary alternatives platform is Pomona Capital. Pomona Capital
specializes in investing in private equity funds in three ways: by purchasing secondary interests in existing
partnerships; by investing in new partnerships; and by co-investing alongside buyout funds in individual
companies. As of December 31, 2014, Pomona Capital managed assets totaling $7.3 billion. See “Item 7.
Management’s Discussion and Analysis of Financial Condition and Results of Operations—Investments—Sale
of Certain Alternative Investments.” In addition, Investment Management offers select alternative and hedge
funds leveraging our core debt and equity investment capabilities.
Investment Management manages a variety of variable portfolios, mutual funds and stable value assets, sold
through our Retirement Solutions and Insurance Solutions businesses. As of December 31, 2014, total AUM
from these channels and CBVA was $59.0 billion with the majority of the assets gathered through our Retirement
segment.
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