Natixis GAM launches UK retail offering with Loomis Sayles Strategic Income Fund
Natixis Global Asset Management (NGAM) is bringing a new fund to the UK retail market with the launch of the Loomis Sayles Strategic Income Fund.
NGAM, a multi-affiliate asset manager with some £454bn AUM worldwide, said UK investors are increasingly looking to generate stable income from their savings.
The Loomis Sayles Strategic Income fund, managed by the well-known multi-sector fixed income team of Dan Fuss, Elaine Stokes and Matt Eagan, has a long term and value-driven approach. It will invest primarily in income-producing securities with a focus on corporate, convertible and government bonds on a global basis, including emerging markets.
The team approach is based on fundamental and quantitative research, and should enable the fund to capitalise on opportunities in any market conditions.
“In an environment like this, investing in a fund that has the ability to sift through asset classes and pick specific bonds of companies with strong market share and growth potential is absolutely essential. The beauty of our flexibility is we can shorten duration, when necessary, and we have already positioned for ourselves for a protracted rising rate environment,” said Fuss, portfolio manager and vice chairman of Loomis, Sayles & Company.
NGAM has an established presence in the UK wholesale market, but the launch marks the start of a major retail initiative via a new Open-Ended Investment Company (OEIC) which will in time comprise a range of sub-funds from NGAM’s underlying investment managers.
“We are committed to helping the adviser community construct more durable portfolios that meet their clients’ long term savings goals in today’s changing market conditions,” said Ed Farrington (pictured), head of Global Key Accounts and UK Wholesale, NGAM.
“True diversification provides the key to unlocking both capital preservation and generating income. The introduction of the OEIC structure in general, and the initial launch of the Loomis Sayles Strategic Income Fund in particular, aims to help investors meet their investment objectives by providing them with access to a range of market leading investment solutions from our affiliates.”
NGAM plans to launch additional sub-funds from its other investment affiliates over the course of the year, including offerings from H2O, a global macro manager. In addition, AEW UK, a London based affiliate which offers real estate investment solutions, is currently available to UK investors.
As part of its commitment to the UK market, NGAM has also been expanding its UK Wholesale and Retail team, led by Ed Farrington, global head of Key Accounts and UK Wholesale. Recent appointments include Leigh Fisher, who joined from Neptune Investment Management to serve as head of Advisory, and Darren Pilbeam, who joined from Investec to serve as head of Strategic Alliances.
Additional new hires are planned as NGAM continues to expand its UK Wholesale and Retail team. NGAM’s London office has nearly tripled since 2008 to more than 40, and affiliates Loomis Sayles, H2O and AEW UK all have strong presences in the UK.