Boston-headquartered Loomis Sayles, affiliate of Natixis Investment Managers, has announced a series of changes to its $58bn equity product lineup.
It will launch two new emerging market (EM) equity strategies, a long-only and a long-short funds, that will be overseen by a new team led by portfolio manager Ashish Chugh, who joined the firm last 7 May. Chugh will report to David Waldman, deputy chief investment officer.
In addition, Loomis Sayles will close its Large Cap Value and Large Cap Core strategies. Waldman has been added as portfolio manager on the large cap value strategy. Alongside Art Barry, who will remain a portfolio manager through the duration of the transition period, he will work with clients to manage individual transition plans.
Regarding the Large Cap Core strategy, Kathleen Bochman and David Waldman will remain portfolio managers 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. These refinements to our equity platform reflect our continued conviction in those shared characteristics,” said Kevin Charleston, chairman and chief executive officer of Loomis Sayles
“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 $3bn to $46bn over the past five years, which is particularly remarkable given the significant outflows in the asset class over the same period,” said John Gallagher, director of institutional
He added: “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.”
Waldman said the launch of the two emerging equity strategies are a natural next step in the evolution of the firm’s equity offerings.
Loomis Sayles had $266.7bn (€228.2bn) in assets as of end March 2018.