David Weigert is joining Hartford Investment Management's asset-backed securities group as an ABS analyst with a special focus on home equity bonds, says Allan Berliant, ABS group chief at HIMCO, who hired him from Aeltus Investment Management. Weigert was an ABS trader at Aeltus, also located in Hartford. He could not be reached for comment. Weigert will report to Berliant and will start next Monday.
Weigert is the second ABS analyst the firm has hired this year. Tom Reese joined over the summer from Fitch Ratings (BW, 8/26). Berliant says he is looking for two more ABS analysts before year-end, bringing the total hires to four. These hires will be a mixture of replacements for staff who have left the firm and new positions, reflecting growing business. Berliant's group oversees $5 billion of term ABS accounts.