[May 25, 2018] |
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Loomis Sayles Announces Changes to Equity Product Lineup
Loomis, Sayles & Company announced today strategic changes to its equity
product lineup, aimed at continuing the platform's ongoing growth and
success. Loomis Sayles equity teams now oversee approximately $58 billion1
in assets under management across a variety of mutual funds and
institutional strategies.
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Loomis Sayles will launch two new emerging market (EM) equity
strategies. The long-only and long-short strategies will be managed by
a new team led by portfolio manager Ashish Chugh, who joined Loomis
Sayles on May 7. The strategies feature a fundamental, long-horizon,
concentrated approach to EM investing. Ashish will report to David
Waldman, deputy chief investment officer.
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Loomis Sayles will close its Large Cap Value and Large Cap Core
strategies.
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Effective immediately, deputy CIO David Waldman has been added as
portfolio manager to Large Cap Value. He and Art Barry, who will
remain a portfolio manager through the duration of the transition
period, will work with clients to manage individual transition plans.
All accounts will continue to be managed according to client
guidelines as we work through transition plans.
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Kathleen Bochman and David Waldman will remain portfolio managers of
the Large Cap Core strategy and will work through transition plans
with clients.
"The hallmark of every Loomis Sayles strategy is a sound, differentiated
and repeatable alpha-generating investment thesis," said Kevin
Charleston, chairman and chief executive officer. "These refinements to
our equity platform reflect our continued conviction in those shared
characteristics."
"We have seen a tremendous increase in clients selecting offerings from
our Growth Equity Strategies Team, which is led by strategy founder Aziz
Hamzaogullari. Total team assets have increased from $3 billion to $46
billion over the past five years, which is particularly remarkable given
the significant outflows in the asset class over the same period," said
John Gallagher (News - Alert), director of institutional services. "We've also seen
steadily growing interest in products managed by our Small Cap Growth
Team, which is headed by Mark Burns and John Slavik; strong durability
throughout market cycles from our Small Cap Value strategies, led by Joe
Gatz and Jeff Schwartz; and growing interest in our Global Equity
Opportunities strategies, led by Eileen Riley and Lee Rosenbaum. We
remain focused on offering a world-class product set that we believe
will meet client needs and position us for continued growth."
"These additional new high-conviction products are a natural next step
in the evolution of our equity offerings," said David Waldman, deputy
chief investment officer. "Ashish has extensive experience managing EM
equities and we are excited to offer clients compelling EM equity
strategies that complement our equity platform and EM debt product
lineup."
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LOOMIS SAYLES EQUITY CAPABILITIES
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Team
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Assets
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Growth Equity Strategies
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All Cap Growth
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$3.7 billion
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Global Growth
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$166 million
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Large Cap Growth
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$41.8 billion
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Global Equity Opportunities
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$2.9 billion
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Small Cap Growth*
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$2.3 billion
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SMID Growth
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$730 million
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Small Cap Value
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$1.8 billion
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SMID
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$1.3 billion
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As of 4/30/2018 *The Small Cap Growth strategy is
currently closed to new investors. Includes the assets of
both Loomis, Sayles & Co., L.P. and Loomis Sayles Trust Company LLC. Strategy
assets represent all assets managed by the respective team.
BIOGRAPHICAL INFORMATION: ASHISH CHUGH Ashish Chugh is a
portfolio manager at Loomis, Sayles & Company, where he leads the
emerging markets equity group in managing long-only and long-short
strategies. Ashish joined Loomis Sayles in 2018 from Och-Ziff Capital in
Hong Kong, where he was a managing director and manager of an emerging
markets portfolio for the firm's multistrategy hedge fund. Prior to
this, Ashish spent a decade at Wellington Management in Boston as a
managing director of the firm's flagship hedge fund, where he focused on
investing in long-short equities in emerging markets. Previously, he was
an associate at Blue Chip Venture Company, where he was responsible for
venture capital and private equity investments. He has 14 years of
investment industry experience. Earlier in his career, Ashish was an
engineer at IBM (News - Alert) in Toronto and an analyst at Hitachi in Tokyo. He earned
a BASc in electrical engineering from the University of British Columbia
and an MBA from Harvard Business School.
ABOUT LOOMIS SAYLES Since 1926, Loomis, Sayles & Company has
helped fulfill the investment needs of institutional and mutual fund
clients worldwide. The firm's performance-driven investors integrate
deep proprietary research and integrated risk analysis to make informed,
judicious decisions. Teams of portfolio managers, strategists, research
analysts and traders collaborate to assess market sectors and identify
investment opportunities wherever they may lie, within traditional asset
classes or among a range of alternative investments. Loomis Sayles has
the resources, foresight and the flexibility to look far and wide for
value in broad and narrow markets in its commitment to deliver
attractive sustainable returns for clients. This rich tradition has
earned Loomis Sayles the trust and respect of clients worldwide, for
whom it manages $266.7 billion** in assets (as of March 31, 2018).
**Includes the assets of Loomis, Sayles & Co., LP, and Loomis Sayles
Trust Company, LLC. Loomis Sayles Trust Company is a wholly owned
subsidiary of Loomis, Sayles & Company, LP.
ABOUT NATIXIS INVESTMENT MANAGERS Natixis Investment
Managers serves financial professionals with more insightful ways to
construct portfolios. Powered by the expertise of 26 specialized
investment managers globally, we apply Active ThinkingSM to
deliver proactive solutions that help clients pursue better outcomes in
all markets. Natixis ranks among the world's largest asset management
firms (€830.8 billion / $997.8 billion AUM).
MALR021857
1 As of 4/30/2018
View source version on businesswire.com: https://www.businesswire.com/news/home/20180525005587/en/
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