MutualFundWire.com: A $328B-AUM Firm's Star Steps Back

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Tuesday, December 8, 2020

A $328B-AUM Firm's Star Steps Back

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.

Printed from: MFWire.com/story.asp?s=62229

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