BOSTON--(BUSINESS WIRE)--Loomis, Sayles & Company, L.P. announced today that effective November 1, 2016 its large cap growth strategy, which includes the Loomis Sayles Growth Fund (LSGRX), will be closed to new investors with certain limited exceptions in order to slow the growth in strategy assets. Managed by Aziz Hamzaogullari since its inception on July 1, 20061, the large cap growth strategy has grown to $26.8 billion2 since Hamzaogullari and his growth equity team joined Loomis Sayles in 2010. The Loomis Sayles Growth Fund currently has $4.2 billion in assets under management3.
The soft close is being initiated in order to ensure the team’s ability to efficiently manage future cash flow in the best interests of our investors.
“Aziz and his team have consistently produced strong performance for our clients and global investors have reacted accordingly,” stated Kevin Charleston, chief executive officer of Loomis Sayles. “Ensuring that they retain portfolio management flexibility is in the best interests of our investors and will always be our foremost priority.”
The Loomis Sayles Growth Fund will remain open to existing shareholders, including employee benefit plan sponsors who currently have the fund on their menu of investment options. Flexibility to add the Fund, or other vehicles through which the large cap growth strategy is available, may also be provided to certain institutional clients and intermediary platforms that are currently in the process of adding the strategy, subject to the approval of Loomis Sayles management and provided assets are invested prior to predefined dates.
In addition to large cap growth, Hamzaogullari and his team also manage all cap growth and global growth strategies, all of which are active equity strategies that apply the same philosophy and process, using proprietary bottom-up research structured around quality, growth and valuation. The Loomis Sayles growth team includes six dedicated analysts, all of whom have been personally trained and mentored by Hamzaogullari.
Hamzaogullari and his team take a long-term, private equity approach to investing. Through fundamental research, the team looks to invest in those few high-quality businesses that they believe have sustainable competitive advantages and profitable growth when they trade at a significant discount to intrinsic value.
Because the team approaches investing as if buying into a private business, a long investment horizon is central to their philosophy. The team’s seven-step research framework is the cornerstone of their decision-making process and drives the selection of those few companies that they believe demonstrate all of the following attributes:
• High quality
• Secular and profitable growth
• Discount to intrinsic valuation
The team’s investment philosophy and process represent their fundamental beliefs regarding the most effective way to generate alpha.
Past performance is no guarantee of future results.
About Loomis Sayles
Since 1926, Loomis, Sayles & Company,
L.P. has served the investment needs of institutional and mutual fund
clients. As performance-driven investors seeking exceptional
opportunities, Loomis Sayles employs actively managed disciplines that
combine fundamental research, systematic risk assessment and experienced
portfolio management. This rich tradition has earned Loomis Sayles the
trust and respect of clients worldwide, for whom it manages $240 billion
in assets as of June 30, 2016.
About Natixis Global Asset Management
Natixis Global Asset
Management serves thoughtful investment professionals worldwide through
our Durable Portfolio Construction® approach: applying risk-minded
insights to empower more intelligent investing. Uniting over 20
specialized investment managers globally ($874.5 billion AUM3),
Natixis is ranked among the world’s largest asset management firms.
3Net asset value as of June 30, 2016. Assets under management (AUM) may include assets for which non-regulatory AUM services are provided. Non-regulatory AUM includes assets which do not fall within the SEC’s definition of ‘regulatory AUM’ in Form ADV, Part 1.
Before investing, consider the fund’s investment objectives, risks, charges, and expenses. Please visit www.loomissayles.com or call 800-633-3330 for a prospectus and a summary prospectus, if available, containing this and other information. Read it carefully.
Investing involves risk, including risk of loss. Equity securities are volatile and can decline significantly in response to broad market and economic conditions. Foreign and emerging market securities may be subject to greater political, economic, environmental, credit, currency and information risks. Foreign securities may be subject to higher volatility than U.S. securities, due to varying degrees of regulation and limited liquidity. These risks are magnified in emerging markets. Currency exchange rates between the U.S. dollar and foreign currencies may cause the value of the fund's investments to decline. Investments in small and mid size companies can be more volatile than those of larger companies.
Natixis Global Asset Management consists of Natixis Global Asset Management, S.A., NGAM Distribution, L.P., NGAM Advisors, L.P., NGAM S.A. and NGAM S.A.’s business development units across the globe, each of which is an affiliate of Natixis Global Asset Management, S.A. The affiliated investment managers and distribution companies are each an affiliate of Natixis Global Asset Management, S.A.
NGAM Distribution, L.P. (fund distributor) and Loomis, Sayles & Company, L.P. are affiliated.
1 The Manager for the Large Cap Growth strategy joined Loomis
Sayles May 19, 2010, and strategy performance prior to that date was
achieved at his prior firm.
2 Assets as of August 31,
2016
3 Assets as of August 31, 2016
MALR015903
1603035.1.1