Boutique bond manager Newfleet sets sail with new president-CIO

David L. Albrycht was named president and chief investment officer at boutique fixed-income money manager Newfleet Asset Management, confirmed Joe Fazzino, assistant vice president, investor relations and corporate communications.

The positions are new.

Mr. Albrycht was chief investment officer of multisector strategies since he was hired in 2011, and he will keep those duties. He also will now oversee all of Newfleet's portfolio management capabilities.

Mr. Albrycht reports to George R. Aylward, president and CEO of parent company Virtus Investment Partners.

Newfleet's assets under management more than doubled to $10 billion in a little more than a year, according to a news release.

“The expanded role is an acknowledgement of the growth of Newfleet as well as Dave's leadership in developing Newfleet as a comprehensive fixed-income shop,” Mr. Fazzino said in an e-mail.