Loomis Sayles & Co.’s will close its large-cap growth equity strategy to new investors on Nov. 1, said spokeswoman Erin Heard.
The strategy has been managed by Aziz Hamzaogullari since its inception on July 1, 2006. The large-cap growth equity strategy has $26.8 billion in assets under management.
The Loomis Sayles Growth Fund — a mutual fund within the overall strategy — currently has $4.2 billion in AUM. The Loomis Sayles Growth Fund will remain open to existing investors, including employee benefit plan sponsors that currently have the fund as an investment option in their defined contribution plans or add it to the plan lineup by May 1, 2017, Ms. Heard said.
Flexibility to add the growth fund, or to add other vehicles within the large-cap growth equity strategy, might also be offered to certain institutional clients and intermediary platforms that are currently in the process of adding the strategy, subject to the approval of Loomis Sayles management and provided that assets are invested prior to predefined dates.
Loomis Sayles managed $240 billion in assets as of June 30.