Loomis, Sayles & Company, an affiliate of Natixis Investment Managers, has announced it has launched its Global Bond Fund (the ‘Fund’) as an offering to Australian wholesale investors. 

The Fund objective combines macro themes and a bottom-up approach to provide investors with diversified opportunities in fixed income with expected sources of excess return in credit, currency, and duration.  

The investment strategy for the Loomis Sayles Global Bond Fund is designed to replicate the Loomis Sayles Global Aggregate Bond (AUD hedged) composite.  Since its inception in 1998, the composite has delivered a net return of 1.06% per annum above its benchmark, the Bloomberg Global Aggregate Index, hedged to AUD*.

The Fund is jointly managed by Loomis Sayles’ co-heads of global fixed income Lynda Schweitzer, Scott Service, and David Rolley, who have been working together for over two decades and have 114 years’ of combined experience.

“We are delighted that Australian wholesale clients will be able to access our strategy for the first time. It has been well-tested to deliver long-term sustainable returns through almost 40 years of market cycles including such extreme events as the dot com boom and bust, the global financial crisis and the Covid pandemic.

We have been working with Australian and global clients for more than 25 years, so we believe we understand their needs as well as how to deliver on these through flexible fixed income solutions.

“Our investment approach is informed by our global research team who use timely data to inform our perspective on global markets. Our discipline, diligence and experience gives us the confidence to be opportunistic and aggressive when bond markets are in dislocation, to find great value for our clients,” said Lynda Schweitzer, portfolio manager and co-head of global fixed income, Loomis Sayles. 

“Loomis Sayles is truly one of the global giants of fixed income. We have been working with Lynda, Scott and David for many years and their strategy is one of the most popular and successful with our institutional clients, so we’re excited to now be able to introduce them to our wholesale clients as well. They have a long and impressive record of delivering fixed income solutions that have met our clients’ investment objectives, without taking excessive risk. With interest rates now back to more normal historic levels and fixed income yields looking more attractive, but markets still volatile and the geopolitical landscape uncertain, we have been seeing consistently high demand for actively managed fixed income solutions among our clients and we expect this to continue.” said Natixis Investment Managers Country Head Australia and New Zealand Louise Watson. 

Australian institutions have invested with the Loomis Sayles Global Bond team since 1998. The Fund is actively managed, investing primarily in a broad universe of investment-grade fixed income securities globally and is hedged to the Australian dollar.  

Equity Trustees has been appointed as the Responsible Entity of the Fund, and are a valued long term partner of Natixis Investment Managers Australia.

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In preparation for Ken’s retirement, longstanding portfolio managers Lynda Schweitzer and Scott Service will assume leadership roles effective immediately, joining David Rolley as co-team leaders. The team oversees approximately $29.61 billion in institutional and retail assets for global clients.

“We are grateful to Ken for more than 20 years of service and leadership at Loomis Sayles,” said Kevin Charleston, chief executive officer. “His dedication is reflected within the success and growth of the Loomis Sayles global bond capabilities over the past two decades, and we wish him the best in retirement.”

Until his retirement date, Ken will continue in his leadership and portfolio management roles to ensure a seamless transition and provide continuity for clients.

This transition is part of a comprehensive succession plan that was initiated in 2007, when Lynda was named portfolio manager following her six-year tenure as a global portfolio specialist and trader for the team. Similarly, Scott joined the team in 2004, became portfolio manager on a variety of global credit strategies in 2011 and was named portfolio manager on all remaining global bond products in 2014.

“We believe this is the ideal time to elevate Lynda and Scott in recognition of their tenure, experience and track records as portfolio managers,” said Jae Park, chief investment officer. “Lynda and Scott have been vital members of the global fixed income team working in close partnership with Ken and David for over 15 years, and their leadership will be integral to the success of our global bond capabilities moving forward.”

David Rolley will continue his portfolio management responsibilities with Lynda and Scott for the global fixed income portfolios, as well as the emerging market fixed income team portfolios. There will be no changes to the team’s style or investment philosophy. David, Lynda and Scott will continue to report to Jae Park, chief investment officer.

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