Hartford Financial Services Group Inc. last September put the brakes on its effort to sell its mutual-fund unit to private equity shop Clayton Dubilier & Rice LLC after banks cut back on lending for leveraged buyouts.

The firm in March confirmed its intentions announcing that it was trimming its focus to a few core business areas including property and casualty, group benefits and mutual funds. The group said it was selling off its individual annuity Woodbury Financial Services and retirement plan businesses.

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