Loomis Sayles Announces Addition of Credit Strategist to Full Discretion Team

Team promotes two long-time credit managers to portfolio manager

BOSTON--()--Loomis, Sayles & Company announced that effective today, John DeVoy, CFA, returns to the company as a dedicated credit strategist for the flagship full discretion team. Simultaneously, Brian Kennedy and Todd Vandam, CFA, assume full-time portfolio management roles on the full discretion team and will transition their credit strategist responsibilities (investment grade and high yield respectively) to John. Todd, Brian and John will report to Elaine Stokes and Matt Eagan, co-heads of the full discretion team.

“The complexity of global fixed income markets continues to expand as does investor demand across the full discretion product suite. We are pleased that John is back on board to dedicate his full efforts to providing insight on credit trends,” said Elaine Stokes. “Additionally, John’s role allows Brian and Todd the time to focus exclusively on portfolio management. Their promotions are reflective of the excellent work they have done managing various full discretion strategies to date.”

As a dedicated resource for the full discretion team, John’s responsibilities will include:

  • Providing insight into cyclical and secular credit trends affecting the investment environment for the full discretion portfolio management team
  • Partnering with the firm's various credit analysts and sector teams to form opinions of investment opportunities
  • Providing team portfolio managers with specific investment and trade recommendations in the corporate sector across the full discretion product line

As co-portfolio manager on the Loomis Sayles full discretion team, Brian joins veteran fixed income managers Dan Fuss, Elaine Stokes and Matt Eagan on the full suite of Loomis Sayles multisector funds and strategies, which includes the Loomis Sayles Bond Fund and Loomis Sayles Strategic Income Fund. In February 2013, Brian was named co-portfolio manager of the Loomis Sayles Investment Grade Bond and Loomis Sayles Investment Grade Fixed Income funds.

Todd is one of the founding co-portfolio managers of the Loomis Sayles strategic alpha strategy that launched in 2010, which currently has $4.4 billion in assets under management. Additionally, Todd is a co-portfolio manager of the Loomis Sayles US high yield strategy (currently $3.5 billion) and Loomis Sayles global high yield strategy ($290 million).

“The Loomis Sayles high yield strategies continue to receive considerable interest from prospects, clients and the consultant community. Todd’s undivided focus on managing these products helps serve the best interest of our clients,” said Elaine.

Biographical information
John DeVoy was a vice president and high yield credit analyst covering chemicals, telecommunications and convertible bonds at Loomis Sayles from 2000-2002. He returns to Loomis from Boston University, where he was a full-time faculty member of the finance department with responsibilities including MBA Investments, Corporate Finance and Introduction to Finance. Prior to teaching at BU, John was a managing director at The Baupost Group from 2005-2013, where he was responsible for sourcing, analyzing and investing in corporate distressed debt and distressed structured products. John served as senior analyst for a start-up capital structure arbitrage hedge fund at Hammerman Capital Management from 2002-2005. Before his first stint at Loomis Sayles, he was a senior investment analyst at Liberty Mutual from 1995-2000.

John received his Bachelor of Arts degree from Harvard College in 1993 and his MBA with a concentration in finance from Boston College in 1994.

Brian Kennedy started his investment industry career in 1990 as a senior fund accountant at the Boston Company. He joined Loomis Sayles in 1994 as a securitized and government bond trader. He transitioned to the high yield trading desk in 2001, where he initiated Loomis Sayles' trading of bank loans, while also trading high yield, convertibles, derivatives and equities. Brian joined the full discretion investment team as product manager in 2009. In 2013, he was promoted to co-portfolio manager of the investment grade bond products.

Brian is actively involved in the Loomis Sayles mentorship program, undergraduate women's investment network (UWIN) and summer internship programs. He was born and raised on the south shore of Massachusetts and enjoys coaching girls club hockey. Brian earned a BS from Providence College and an MBA from Babson College.

Todd Vandam is a vice president of Loomis, Sayles & Company and co-portfolio manager of the Loomis Sayles Strategic Alpha Fund as well as several US high yield and global high yield institutional strategies. He also heads up the firm’s high yield sector team. Todd began his career at Loomis Sayles in 1994 on the high yield trading desk. He was later promoted to high yield credit strategist for the full discretion team.

Prior to joining Loomis Sayles, Todd completed the US Army Airborne and US Army Ranger Schools. He was a Field Artillery Officer in the US Army, most recently working as a Fire Support Officer stationed in Panama. Todd is a member of the Boston Security Analysts Society. He earned a BA in business and economics from Brown University.

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 $229 billion in assets as of March 31, 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 ($890 billion AUM1), Natixis is ranked among the world’s largest asset management firms2.

1Net asset value as of March 31, 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.

2Cerulli Quantitative Update: Global Markets 2015 ranked Natixis Global Asset Management, S.A. as the 17th largest asset manager in the world based on assets under management ($890 billion) as of December 31, 2014.

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.

Before investing, consider the fund's investment objectives, risks, charges, and expenses. Visit ngam.natixis.com or call 800-225-5478 for a prospectus or a summary prospectus containing this and other information. Read it carefully.



Loomis, Sayles & Company
Erin Heard, 617-960-2029


Loomis, Sayles & Company
Erin Heard, 617-960-2029