January 19, 2009
American Century Hires Former Lehman Veterans
John Lovito and Federico Garcia Zamora have joined American Century Investments as co-portfolio managers of the American Century International Bond Fund. The former Lehman Brothers executives will be managing a fund that had been sub-advised by JPMorgan Asset Management. Lovito will also work on the firm's fixed income macro strategy team.
"John brings 22 years of fixed income investment experience, with the last 13 years focused on global and international fixed income," said American Century Investments Fixed Income Chief Investment Officer David MacEwen. "Federico has worked in the investment industry for the past decade and brings expertise in currency and risk management. We believe their work together on Lehman Brothers Asset Management's Global Fixed Income team will benefit our clients and investors, and we are delighted to have them join the firm."
Lovito had been with Lehman for seven years, most recently as managing director and head of global fixed income strategies, based in London. Before that, he was with Brown Brothers Harriman as a global fixed income portfolio manager.
Zamora was a portfolio manager and foreign exchange strategist for global fixed income with Lehman, promoted from research analyst. Previously, he was a senior consultant with the Ministry of Economy, Secretariat of Finance for Buenos Aires and a senior analyst of research and development with the Buenos Aires Stock Exchange.
Perkins Investments Names Thompson CEO
Perkins Investment Management, a subsidiary of Janus Capital Management, has named Peter Q. Thompson chief executive officer, reporting directly to the board of directors. Jeff Kautz, who had been serving as interim CEO, will continue working as chief investment officer and co-portfolio manager of the Perkins Mid Cap Value Fund and Janus Adviser Perkins Mid Cap Value Fund.
Thompson comes to the firm from Chicago Asset Management Co., where he was president and chief executive officer. Before that, he was with Ariel Capital Management for 12 years, his last position as executive vice president and a member of the board of directors.
"We are fortunate to have someone with Peter's reputation and experience taking the helm at Perkins," said the firm's co-founder and namesake, Robert Perkins. "His strategic insight and extensive industry knowledge will be a tremendous asset."
Janus CEO Gary Black added: "Leveraging Perkins' strength and success as a value manager is a key component of our goal to expand our value franchise."
Carlin Becomes Senior VP, National Sales at IndexIQ
Jeff Carlin, formerly national sales manager at Charles Schwab, has joined IndexIQ as senior vice president and national sales manager.
A 15-year veteran of the financial services industry, Carlin also was a regional sales director in the consulting group at Smith Barney and continues to sit on the board of directors of the Investment Management Consultants Association.
"Jeff brings a broad understanding of the investment needs of registered investment advisers and their clients to his role here at IndexIQ," said Tony Davidow, executive vice president and head of distribution for IndexIQ. "Going into 2009, we expect to see significant interest from RIAs in our hedge fund replication products and other alternative investment strategies."
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