Wednesday, May 28, 2008
Gateway Bulks Up its Fund Management Team
Natixis affiliate Gateway Investment Advisers
has added a portfolio manager to its $4.7 billion Gateway Fund
. Michael T. Buckius will join current co-managers, J. Patrick Rogers and Paul R. Stewart in running the hedged equity fund. Buckius joined Gateway Investment Advisers as vice president in 1999.
Company Press Release
BOSTON (May 28, 2008) – Natixis Global Associates, the distribution arm of Natixis Global Asset Management, L.P., announced today that Gateway Investment Advisers, LLC, has appointed Michael T. Buckius, CFA, as co-manager of the Gateway Fund (Class A: GATEX), a $4.7 billion1 hedged equity fund managed by Gateway, a Cincinnati-based investment advisor and Natixis affiliate. Effective June 1, 2008, Buckius joins current co-managers, J. Patrick Rogers and Paul R. Stewart, as a member of the Gateway Fund’s portfolio management team.
“We are delighted to announce Mike’s appointment as co-manager of our flagship product,” said J. Patrick Rogers, President and CEO of Gateway Investment Advisers. “Mike has played an important role on the firm’s investment management team, and we are confident his expertise in trading and managing equity derivatives will enable him to make a strong contribution to the fund.”
Buckius joined Gateway Investment Advisers as vice president and a member of the investment management team in 1999 and has been promoted to senior vice president in connection with this announcement. Since 2006, he has co-managed the $71 million, Irish-registered Gateshore Fund and also co-managed two closed-end funds sub-advised by Gateway – the Nuveen Equity Premium and Growth Fund (JPG) and the Nuveen Equity Premium Income Fund (JPZ) – totaling $1 billion in assets. Prior to joining Gateway, Buckius was an equity derivative sales professional at Bear Stearns. He holds a B.A. and M.B.A. in Finance from Loyola College and is a CFA charterholder.
Gateway Investment Advisers is known for its risk-conscious investment approach that seeks to capture the majority of the return associated with equity market investments while exposing investors to lower risk and volatility than other equity investments. The firm’s strategy is to invest in a broadly diversified common stock portfolio and manage risk by selling cash-settled index call options and purchasing index put options. Gateway’s strategy is designed to take advantage of premium cash flow generated from the sale of index call options, which generally increases as a function of increasing market volatility.
The firm was acquired by Natixis Global Asset Management, L.P., in February 2008. At the same time, the Gateway Fund was reorganized as a member of the Natixis Funds family, with the same name, investment strategy and portfolio management team.
About Gateway Investment Advisers
Founded in 1977, Gateway Investment Advisers has one of the industry’s longest-running option hedging programs. Noted for its accomplishment in hedging client portfolios during the market crash of October 1987, the firm extended its hedging strategy to its flagship mutual fund, Gateway Fund, in January 1988. The firm’s hedged equity management is available in the Gateway Fund, four closed-end funds and one offshore fund, as well as individual, foundation, endowment, pension and insurance accounts.
About Natixis Global Asset Management
Natixis Global Asset Management is one of the 15 largest asset managers in the world2 based on assets under management. Its affiliated asset management companies provide investment products that seek to enhance and protect the wealth and retirement assets of both institutional and individual investor clients. Its proprietary distribution network helps package and deliver its affiliates’ products around the world. Natixis Global Asset Management brings together the expertise of multiple specialized investment managers based in Europe, the United States and Asia to offer a wide spectrum of equity, fixed income and alternative investment strategies.
Headquartered in Paris and Boston , Natixis Global Asset Management’s assets under management totaled $910 billion (€576 billion) as of March 31, 2008. Natixis Global Asset Management is part of Natixis, the investment and projects bank of the Banque Populaire and Caisse d’Epargne groups. Its affiliated investment management firms and distribution and service groups include: AEW Capital Management; AlphaSimplex Group; Capital Growth Management; Caspian Capital Management; Gateway Investment Advisers; Hansberger Global Investors; Harris Alternatives; Harris Associates; Loomis, Sayles & Co.; Natixis Global Associates; Reich & Tang Asset Management; Snyder Capital Management; Vaughan Nelson Investment Management; and Westpeak Global Advisors. In addition to the U.S. firms, Natixis Global Asset Management includes four principal affiliates based in Paris : Natixis Asset Management, Natixis Multimanager, AEW Europe and Ecureuil Gestion.
About Natixis Global Associates
Natixis Global Associates (NGA) is the distribution arm of Natixis Global Asset Management. NGA works on a consultative basis from its 12 worldwide offices, tailoring the expertise of its managers to meet the investment objectives of local clients. In the U.S. , Natixis Global Associates includes Natixis Distributors, L.P. (member FINRA) and Natixis Asset Management Advisors, L.P. (a registered investment advisor). Both are located at 399 Boylston Street , Boston , MA 02116 . www.ga.natixis.com
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