Hints and tips:
...“It’s a double whammy,” said Peter Sheehan, a credit strategist at Loomis Sayles whose multisector income fund has more than 6 per cent of its cash in convertible bonds, including deals from Twitter and...
...“It makes sense that energy issuers would try to tap into a robust high yield market, especially given the revival in oil prices,” said Matt Eagan, a portfolio manager at Loomis Sayles....
...“It’s not been the most fun week to be a high yield manager,” said Tom Stolberg, portfolio manager at Loomis Sayles, the Boston-based fund group....
...He grew up in the Boston suburbs, joined Marine officer training, then dropped out, heading to Swaziland with the Peace Corps....
...“When [the industry] started out they all said they were better [underwriters] than traditional lenders,” says Jennifer Thomas of the asset manager Loomis Sayles....
...• Ashish Chugh has joined Loomis Sayles to run two new emerging market equity strategies for the $267bn US asset manager....
...Science runs in the family: his paternal great-grandfather was Alfred Lee Loomis, a noted physicist who invented the Aberdeen chronograph, a device that measured ordnance muzzle velocity — and which would...
...“It is the resurgence in the commodity, that’s the bottom line,” said Tom Stolberg, a portfolio manager with Loomis Sayles. “The commodity trending better has brought out a slew of new issuance....
...More to the point are the production’s splendid voices, fresh staging and ample esprit de corps....
...“There have been funds closing and people in the credit space [are] having a difficult time,” Tom Stolberg, a portfolio manager with Loomis Sayles, said....
...“People often talk about liquidity as the ability to sell, but it is just as important as the ability to buy,” said Matt Eagan, a portfolio manager with Loomis Sayles....
...“With China and commodities getting crushed, you have a deflationary impact hitting, which is not great for companies with a lot of debt,” says Tom Stolberg, a portfolio manager with Loomis Sayles....
...In the US, Jamison Gagnier has moved from Loomis Sayles to the role of director of US institutional sales. Rafael Tovar joins as director of US wholesale offshore sales from Nikko Asset Management....
...“We are believers in economic cycles and credit cycles,” says Tom Stolberg, a portfolio manager with Loomis Sayles....
...That widening spread has left Scott Service, a global fixed income portfolio manager at Loomis, Sayles & Company, feeling bullish about markets reopening....
...The lead portfolio manager is Kathleen Gaffney, who became a star in her own right when she left Loomis Sayles and her mentor Dan Fuss three years ago....
...“As interest rates go up, borrowers are going to approach asset managers directly,” predicts Dan Fuss, vice-chairman at Loomis Sayles....
...Loomis Sayles also expects “mid-single digit returns in 2015” and has been reducing its cash holdings to buy more high-yield credits....
...Peter Marber, head of emerging markets investments at Loomis Sayles, is no fan of companies where state policy matters more than shareholder returns, but feels that many investors have become overly infatuated...
...becoming more active, and that should gradually entice more international investors and further improve the tradability of local corporate bonds, argues Peter Marber, head of emerging market investments at Loomis...
...As recently as two years ago whenever Dan Fuss, vice-chairman of Loomis Sayles, wanted to sell $50m of bonds of, say, General Electric, the 30-year veteran of the corporate bond market would ring one of...
...So companies have increased spending around business development,” Mr Loomis said....
...Terry Mellish, head of the UK arm of NGA, says there had been strong interest in offerings from Loomis Sayles and H2O, two fixed-income specialists; Harris Associates, a “conviction-led” value equity manager...
...Loomis Sayles, a fixed income-focused fund manager with $151bn in assets, has also been a buyer of convertibles....
...“One of the better long-term recipes for investors is to buy companies coming out of bankruptcy because of the cash,” says David Sowerby, portfolio manager at Loomis Sayles, a Boston-based fund manager....
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