Evergreen Investments created two new fixed-income units under its Tattersall Advisory Group as part of a larger realignment of its bond operations, said Laura Fay, spokeswoman. Tattersall Liquidity and Structured Solutions, previously Evergreens short-term unit, will handle about $70 billion in short-term strategies, while Tattersall Multi-Strategy Fixed Income Solutions, previously part of TAG, now will run roughly $25 billion in long-term strategies, down from $45.7 billion.
Lisa Brown-Premo was named CIO of the short-term unit. She was a portfolio manager with the multistrategy unit and will continue to oversee $20 billion in long-term bonds. The long-term unit, under CIO Bob Calhoun, is based in Richmond, Va., while Ms. Brown-Premos unit is in Charlotte, N.C.
The realignment affects only Evergreens U.S. fixed-income operations.