Loomis Sayles Announces Changes to Equity Product Lineup

  • Launching two new emerging market equity strategies managed by Ashish Chugh

BOSTON--()--Loomis, Sayles & Company announced today strategic changes to its equity product lineup, aimed at continuing the platform’s ongoing growth and success. Loomis Sayles equity teams now oversee approximately $58 billion1 in assets under management across a variety of mutual funds and institutional strategies.

  • Loomis Sayles will launch two new emerging market (EM) equity strategies. The long-only and long-short strategies will be managed by a new team led by portfolio manager Ashish Chugh, who joined Loomis Sayles on May 7. The strategies feature a fundamental, long-horizon, concentrated approach to EM investing. Ashish will report to David Waldman, deputy chief investment officer.
  • Loomis Sayles will close its Large Cap Value and Large Cap Core strategies.
  • Effective immediately, deputy CIO David Waldman has been added as portfolio manager to Large Cap Value. He and Art Barry, who will remain a portfolio manager through the duration of the transition period, will work with clients to manage individual transition plans. All accounts will continue to be managed according to client guidelines as we work through transition plans.
  • Kathleen Bochman and David Waldman will remain portfolio managers of the Large Cap Core strategy and will work through transition plans with clients.

The hallmark of every Loomis Sayles strategy is a sound, differentiated and repeatable alpha-generating investment thesis,” said Kevin Charleston, chairman and chief executive officer. “These refinements to our equity platform reflect our continued conviction in those shared characteristics.”

We have seen a tremendous increase in clients selecting offerings from our Growth Equity Strategies Team, which is led by strategy founder Aziz Hamzaogullari. Total team assets have increased from $3 billion to $46 billion over the past five years, which is particularly remarkable given the significant outflows in the asset class over the same period,” said John Gallagher, director of institutional services. “We’ve also seen steadily growing interest in products managed by our Small Cap Growth Team, which is headed by Mark Burns and John Slavik; strong durability throughout market cycles from our Small Cap Value strategies, led by Joe Gatz and Jeff Schwartz; and growing interest in our Global Equity Opportunities strategies, led by Eileen Riley and Lee Rosenbaum. We remain focused on offering a world-class product set that we believe will meet client needs and position us for continued growth.”

These additional new high-conviction products are a natural next step in the evolution of our equity offerings,” said David Waldman, deputy chief investment officer. “Ashish has extensive experience managing EM equities and we are excited to offer clients compelling EM equity strategies that complement our equity platform and EM debt product lineup.”

       

LOOMIS SAYLES EQUITY CAPABILITIES

Team         Assets
Growth Equity Strategies
All Cap Growth $3.7 billion
Global Growth $166 million
Large Cap Growth $41.8 billion
 
Global Equity Opportunities $2.9 billion
 
Small Cap Growth* $2.3 billion
SMID Growth $730 million
 
Small Cap Value $1.8 billion
SMID $1.3 billion

As of 4/30/2018
*The Small Cap Growth strategy is currently closed to new investors.
Includes the assets of both Loomis, Sayles & Co., L.P. and Loomis Sayles Trust Company LLC.
Strategy assets represent all assets managed by the respective team.

BIOGRAPHICAL INFORMATION: ASHISH CHUGH
Ashish Chugh is a portfolio manager at Loomis, Sayles & Company, where he leads the emerging markets equity group in managing long-only and long-short strategies. Ashish joined Loomis Sayles in 2018 from Och-Ziff Capital in Hong Kong, where he was a managing director and manager of an emerging markets portfolio for the firm’s multistrategy hedge fund. Prior to this, Ashish spent a decade at Wellington Management in Boston as a managing director of the firm’s flagship hedge fund, where he focused on investing in long-short equities in emerging markets. Previously, he was an associate at Blue Chip Venture Company, where he was responsible for venture capital and private equity investments. He has 14 years of investment industry experience. Earlier in his career, Ashish was an engineer at IBM in Toronto and an analyst at Hitachi in Tokyo. He earned a BASc in electrical engineering from the University of British Columbia and an MBA from Harvard Business School.

ABOUT LOOMIS SAYLES
Since 1926, Loomis, Sayles & Company has helped fulfill the investment needs of institutional and mutual fund clients worldwide. The firm’s performance-driven investors integrate deep proprietary research and integrated risk analysis to make informed, judicious decisions. Teams of portfolio managers, strategists, research analysts and traders collaborate to assess market sectors and identify investment opportunities wherever they may lie, within traditional asset classes or among a range of alternative investments. Loomis Sayles has the resources, foresight and the flexibility to look far and wide for value in broad and narrow markets in its commitment to deliver attractive sustainable returns for clients. This rich tradition has earned Loomis Sayles the trust and respect of clients worldwide, for whom it manages $266.7 billion** in assets (as of March 31, 2018).

**Includes the assets of Loomis, Sayles & Co., LP, and Loomis Sayles Trust Company, LLC. Loomis Sayles Trust Company is a wholly owned subsidiary of Loomis, Sayles & Company, LP.

ABOUT NATIXIS INVESTMENT MANAGERS
Natixis Investment Managers serves financial professionals with more insightful ways to construct portfolios. Powered by the expertise of 26 specialized investment managers globally, we apply Active ThinkingSM to deliver proactive solutions that help clients pursue better outcomes in all markets. Natixis ranks among the world’s largest asset management firms (€830.8 billion / $997.8 billion AUM).

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1 As of 4/30/2018

Contacts

Loomis, Sayles & Company
Erin Heard, 617-960-2029
eheard@loomissayles.com

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