Aetna asset management subsidiary plans portal launch

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Hartford, Conn.--Aeltus Investment Management, the asset management subsidiary of insurance and financial services giant Aetna, will by June launch a portal aimed at institutional investors. The portal will allow institutional customers to access their accounts over secured lines, said Frank Litwin, managing director and head of Aeltus' Internet initiatives. Aeltus has more than $51 billion in assets under management and services institutional investors, including endowments. Aeltus' plans are important because they represent a nascent movement by insurance companies and their affiliates to embrace the Web.
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