The star bond fund PM of a $328-billion-AUM asset manager is preparing to hand off one of his hats.
| Daniel "Dan" Fuss Loomis, Sayles & Company Vice Chairman, Executive Vice President, PM | |
Yesterday the
Loomis Sayles [
profile]
revealed yesterday via
filings that
Dan Fuss is stepping back from portfolio management duties, effective March 1, 2021 (which will be his 45th anniversary at the Boston-based mutual fund firm). A team of longterm co-PMs — including
Matthew Eagan,
Brian Kennedy,
Elaine Stokes, and
Todd Vandam — will stay on with the different strategies that Fuss helped shepherd. Meanwhile, the 87-year-old Fuss will stay on as vice chairman and executive vice president with the firm, as well as senior advisor to the Natixis affiliate's full discretion PM team, a company spokesperson tells
Pensions & Investments and
Reuters.
The funds (nine in total,
Morningstar reports) that Fuss currently co-PMs include: the
Loomis Sayles Bond Fund, the
Loomis Sayles Fixed Income Fund, the
Loomis Sayles Institutional High Income Fund, the
Loomis Sayles Investment Grade Fixed Income Fund, the
Loomis Sayles High Income Opportunities Fund, the
Loomis Sayles Global Allocation Fund, and the
Loomis Sayles Strategic Income Fund.
Fuss, as indicated above, joined Loomis in 1976. Over the decades he's won
numerous accolades, including Morningstar fixed income manager of the year in 1995 and again (as part of a team) for
2009. Almost a decade later, he
won Morningstar's outstanding portfolio manager award for investing excellence. 
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