Phoenix Investment Partners Ltd. is closing down the equity investment management operation at its Hartford headquarters and reassigning the group's business to three Phoenix affiliates.

Fifteen positions are being eliminated in the change, said Sharon Bray, a spokesperson for Phoenix. The company will continue to have fixed-income money managers in the Hartford headquarters, Bray said.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.