Newfleet Asset Management, an affiliate of Virtus Investment Partners, has named David Albrycht as president and chief investment officer. Albrycht had served as the company's chief investment officer, Multi-Sector Strategies, since June 2011.
In this new role, Albrycht will oversee all of Newfleet's multi-sector, enhanced core, and core strategies that are available in mutual funds, variable insurance funds, institutional accounts, and structured products. Albrycht continues to report to George Aylward, president and chief executive officer, Virtus Investment Partners.
"Dave's new role is an acknowledgment of his exceptional leadership in developing Newfleet as a comprehensive fixed-income asset management firm and overseeing a team that has achieved strong relative long-term performance across multiple strategies," stated Aylward.
"In just a little more than a year, Newfleet's assets under management have more than doubled to $10 billion, and Dave has expanded his team of high-caliber investment professionals, allowing him to maintain his primary focus of overseeing the company's continued growth while delivering strong investment performance for the Newfleet portfolios."