Loomis Sayles Taps a New Co-PM for a Billion Dollar Fund
News summary by MFWire's editors
Loomis Sayles [profile] has ended its search for Dan Thelen's replacement. The Boston firm hired Jeffrey Schwartz from Palisade Capital as the new co-manager of the small cap value and small/mid cap core strategies, which include the $1 billion Loomis Sayles Small Cap Value Fund. Schwartz will run the portfolios together with Joe Gatz. All told, the portfolios have AUM of $3.5 billion.
Schwartz and Gatz are based in Loomis Sayles' Bloomfield Hills, Michigan office and report to chief investment officer for equities Lauriann Kloppenburg.
Pensions & Investments has an
article on Schwartz's appointment.
Schwartz's predecessor, Thelen, resigned from the firm at the end of last year following an extended leave of absence.
BOSTON, Mar 19, 2012 -- Loomis, Sayles & Company announced today that 20-year investment veteran Jeffrey Schwartz, CFA, has joined its equities group as co-manager of the Loomis Sayles small cap value and small/mid cap core strategies, including the Loomis Sayles Small Cap Value Fund (LSCRX). Jeff will co-manage the portfolios with Joe Gatz, who has been portfolio manager on these strategies since 2000. Together they will oversee a total of $3.5 billion in combined assets under management. Both managers will work from the companyís existing Bloomfield Hills, MI office and will report to Lauriann Kloppenburg, chief investment officer, equities.
Jeff, who joins Loomis from Palisade Capital Management, replaces Dan Thelen, who resigned his position at the end of 2011 after an extended leave of absence. At that time, the company initiated a nation-wide search for a new team member.
"The search we conducted to find the best candidate for this role was quite deliberate. It was our top priority to find an experienced portfolio manager whom we felt would fit in seamlessly with the existing team and the larger Loomis Sayles organization," said Lauriann. "We could not be happier to have Jeff join the group and we feel confident that Joe and Jeff's combined expertise in the small value and SMID cap space will serve our clients extremely well."
Jeff and Joe are supported by a team of four dedicated small cap value analysts, who combined have 75 years of investment experience in the small and mid cap space. Additional resources include Dean Gulis, a specialized mid-cap value portfolio manager with Loomis Sayles since 1992 and small cap value, mid cap value and small/mid cap core product manager Dave Cooke, who has been with the company for 19 years. As with every investment team at Loomis Sayles, Joe and Jeff have access to a team of global equity research analysts with two co-directors, 15 analysts and four junior analysts.
Jeff joins Loomis Sayles from Palisade Capital Management, where he managed a small cap strategy for the last seven years. Prior to that, Jeff managed a small cap strategy at Safeco Asset Management in Seattle, WA. From 1992 to 2001, he worked at Munder Capital Management, including a period co-managing their small cap and micro-cap portfolios. Jeff received his bachelor's degree in mathematics from the State University of New York, Binghamton and his MBA from the University of Michigan.
About Loomis Sayles
Since 1926, Loomis, Sayles & Company has served the investment needs of institutional and mutual fund clients. As performance-driven investors seeking exceptional opportunities, Loomis Sayles employs actively managed disciplines that combine fundamental research, systematic risk assessment and experienced portfolio management. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages more than $162.6 billion in equity and fixed income assets as of December 31, 2011.
Before investing, consider the fundís investment objectives, risks, charges, and expenses. Please visit loomissayles.com or call us at 800-633-3330 for a prospectus and a summary prospectus, if available, containing this and other information. Read it carefully.
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