40|86 Advisors, Inc. is a privately owned investment manager. The firm primarily provides its services to corporations. It also caters to pooled investment vehicles. The firm manages separate client-focused fixed income portfolios. It also launches fixed income mutual funds for its clients. The firm invests in the public fixed income markets of the United States. It invests in corporate debt securities, taxable municipal bonds, emerging market securities, high yield bonds, government bonds, mortgage related securities, privately placed debt securities, commercial mortgages, and bank loans. The firm employs a fundamental analysis with a bottom-up stock picking approach to make its investments. It conducts in-house research to make its investments. 40/86 Advisors, Inc. was founded in 1981 and is based in Carmel, Indiana with an additional office in Carmel, Indiana. 40/86 Advisors, Inc. operates as a subsidiary of CNO Financial Group, Inc.