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Rating:A Boston Shop Has a New Bond Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Wednesday, January 02, 2013

A Boston Shop Has a New Bond Fund

Reported by Ben Geier

Natixis [profile] is launching a new bond fund, the Boston, Massachusetts-based mutual fund shop announced today.

The McDonnell Intermediate Municipal Bond Fund will be PMed by Dawn Mangerson, James Grabovac, Lawrence Jones and Steve Wiodarski. This team has worked together for more than ten years, according to a company news release.

The new fund will look to risk-adjusted investment opportunities across various sectors.

Read the company news release below.


Company Press Release

Natixis Global Asset Management Launches McDonnell Intermediate Municipal Bond Fund

New bond fund offers tax-sensitive investors a disciplined institutional approach based on extensive research

Natixis Global Asset Management (NGAM) announced today the launch of the McDonnell Intermediate Municipal Bond Fund, which is a disciplined and flexible strategy seeking attractive risk- adjusted investment opportunities across sectors and securities. The fund’s high-quality investment approach may help to limit credit and interest rate risk while primarily generating federal tax-free income.

“We are pleased to offer the McDonnell Intermediate Municipal Bond Fund as an additional option as investors evaluate their investment goals and build durable portfolios for the long term,” said David Giunta, president and chief executive officer, Natixis Global Asset Management – U.S. Distribution. “We are launching this fund in direct response to investors and advisors who have told us they are seeking the benefits of a municipal bond fund.”

The McDonnell Intermediate Municipal Bond Fund is broadly diversified by issuer, state and sector and focuses on high-quality national municipal bonds with maturities ranging primarily from 3 to 15 years. It is managed by Dawn Mangerson, vice president and senior portfolio manager; James Grabovac, managing director and senior portfolio manager; Lawrence Jones, portfolio manager; and Steve Wlodarski, managing director and co-head of fixed-income portfolio management. The managers average over 25 years of experience in the investment industry and have worked together for over 10 years.

“Municipal bonds have been one of the bright spots in this market, offering good relative value and income that is generally exempt from taxation,” said Edward Treichel, president and chief executive officer at McDonnell. “Our new fund provides a research-based vehicle for individuals to gain exposure to this important asset class.”

McDonnell Investment Management, LLC (McDonnell) is NGAM’s newest affiliate. The acquisition was announced in October 2012 and closed on December 31, 2012. The firm is a registered investment advisor providing investment management services to institutions, private clients and mutual fund companies. McDonnell is known for its expertise and specialization in fixed-income investment management. Located in Oak Brook, Illinois, McDonnell has approximately $13.5 billion in assets under management (September 30, 2012) for institutions and individuals. 

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