Loomis, Sayles & Company has added Peter Frick as an emerging markets debt portfolio manager alongside co-managers Edgardo Sternberg and Dave Rolley. Frick most recently serving as product manager covering EMD and global bonds.
In turn, Hank Lynch was hired to replace. Lynch was most recently senior managing director, global options trading for State Street Bank. In that role, he led State Street’s currency option trading desk.
Also, Elisabeth Colleran has joined the EMD product team full time as an EM credit strategist. Previously, she served as a senior analyst on the credit research team. Matt Welch moves from technology credit research to focus solely on EM credit research, Li Ping Yeo was hired in the company's Singapore office as a senior credit analyst responsible for covering Asian credits and Lynn Parker is now an EM markets strategist and EM trader on full time basis
"Emerging markets are not a niche,” stated Jae Park, chief investment officer of Loomis Sayles. “They represent approximately 38% of world GDP today and our global economic forecast is for continued EMD growth. Successfully managing emerging market assets requires combining a dedicated emerging market product team with a deep sovereign, credit, macro, and quantitative research infrastructure.
Currently, EMD assets across the firm are approximately $12 billion, as of the end of September.