U.S. investment manager Loomis Sayles expanded its mortgage and structured finance investment team to include European asset-backed securities, according to a news release.
The team will be led by portfolio managers Sebastien Andre and Alexandre Boulinguez, based in France. Both join from Ostrum Asset Management, and both Loomis Sayles and Ostrum are affiliates of Natixis Investment Managers.
Andre and Boulinguez report to Alessandro Pagani, head of Loomis Sayles’ mortgage and structured finance team. They will continue to manage two European ABS funds with combined assets of €215 million ($234 million) which have transferred to Loomis Sayles as part of this transition.
“This integration represents an exciting opportunity to build on the existing strength of our mortgage and structured finance team to offer a competitive non-U.S. securitized solution that can meet growing demand from European investors,” said David Waldman, chief investment officer at Loomis Sayles, in the release.
The first transferred fund is the Loomis Sayles Euro ABS Investment Grade, which aims to provide an attractive level of income relative to short-term interest rates mainly through investments in liquid and highly-rated asset backed securities.
The second is the Loomis Sayles Euro ABS Opportunities, which aims to generate risk-adjusted returns from income and capital appreciation, mainly through investments in less liquid and higher yielding asset backed securities.
At Ostrum, Andre was a structured credit investment fund manager and analyst, and had been with the firm since 2018. Boulinguez was a structured credit portfolio manager responsible for European ABS, collateralized loan obligations and covered bond investments.
Ostrum has been contacted regarding replacements for Andre and Boulinguez.
Loomis Sayles manages approximately $360 billion in assets, as of June 30.
