One day after The Managers Funds switched sub-advisors on its international equity fund, another sub-advisor change went into effect. As of today, Loomis, Sayles & Co. has replaced Rogge Global Partners as sub-advisor of the firms global bond fund.
One of the reasons for the switch is that the fund has gradually expanded its investment guidelines, said Thomas Hoffman, director of research at Managers. The fund used to invest predominantly in government bonds, a strength of Rogges, Hoffman said. Now the firm invests in across-the-board credits as well, an area that Loomis, Sayles "has demonstrated ability," he said.