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Laxman Pai, Opalesque Asia: Global asset manager Franklin Templeton has hired Aviva Investors' entire US-based investment-grade credit team as part of plans to bolster its fixed income coverage.
"Franklin Resources struck a deal to acquire the strategies and track records of Aviva Investors' U.S. investment-grade credit strategies," the global investment management organization said in a press release.
The Aviva Investors team will bring with it the investment-grade bond strategies that it currently runs, it said.
The US-based Investment Grade Credit team includes senior portfolio managers Josh Lohmeier, CFA, and Michael Cho, CFA.
In addition, Tom Meyers, CFA, previously Aviva's Head of Americas Client Solutions, will join Franklin Templeton Fixed Income (FTFI) in a newly created role as SVP, Senior Director of Investments and Strategy Development, Fixed Income. Meyers, Lohmeier, and the full investment team are expected to join by the end of 2021. Lohmeier and Meyers will report to Sonal Desai, CIO at FTFI, and the investment team will continue to report to Lohmeier.
The Investment Grade Credit team currently manages over $7.5 billion in institutional AUM at Aviva, across its suite of investment-grade credit strategies, including US Investment Grade Credit, US Long Duration Credit, US Long Duration Government/Credit, and US Intermediate Credit, with additional customized versions of each strategy for various institutional clients. Aviva clients in thes...................... To view our full article Click here
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