Natixis Global Asset Management Launches McDonnell Intermediate Municipal
New bond fund offers tax-sensitive investors a disciplined institutional
approach based on extensive research
BOSTON -- January 2, 2013
Natixis Global Asset Management (NGAM) announced today the launch of the
McDonnell Intermediate Municipal Bond Fund, which is a disciplined and
flexible strategy seeking attractive risk-adjusted investment opportunities
across sectors and securities. The fund’s high-quality investment approach may
help to limit credit and interest rate risk while primarily generating federal
“We are pleased to offer the McDonnell Intermediate Municipal Bond Fund as an
additional option as investors evaluate their investment goals and build
durable portfolios for the long term,” said David Giunta, president and chief
executive officer, Natixis Global Asset Management – U.S. Distribution. “We
are launching this fund in direct response to investors and advisors who have
told us they are seeking the benefits of a municipal bond fund.”
The McDonnell Intermediate Municipal Bond Fund is broadly diversified by
issuer, state and sector and focuses on high-quality national municipal bonds
with maturities ranging primarily from 3 to 15 years. It is managed by Dawn
Mangerson, vice president and senior portfolio manager; James Grabovac,
managing director and senior portfolio manager; Lawrence Jones, portfolio
manager; and Steve Wlodarski, managing director and co-head of fixed-income
portfolio management. The managers average over 25 years of experience in the
investment industry and have worked together for over 10 years.
“Municipal bonds have been one of the bright spots in this market, offering
good relative value and income that is generally exempt from taxation,” said
Edward Treichel, president and chief executive officer at McDonnell. “Our new
fund provides a research-based vehicle for individuals to gain exposure to
this important asset class.”
McDonnell Investment Management, LLC (McDonnell) is NGAM’s newest affiliate.
The acquisition was announced in October 2012 and closed on December 31, 2012.
The firm is a registered investment advisor providing investment management
services to institutions, private clients and mutual fund companies. McDonnell
is known for its expertise and specialization in fixed-income investment
management. Located in Oak Brook, Illinois, McDonnell has approximately $13.5
billion in assets under management (September 30, 2012) for institutions and
About Natixis Global Asset Management, S.A.
Natixis Global Asset Management, S.A. is one of the 15 largest asset managers
in the world based on assets under management.^1 Its affiliated asset
management companies provide investment products that seek to enhance and
protect the wealth and retirement assets of both institutional and individual
investor clients. Its proprietary distribution network helps package and
deliver its affiliates’ products around the world. Natixis Global Asset
Management, S.A. brings together the expertise of multiple specialized
investment managers based in Europe, the United States and Asia to offer a
wide spectrum of equity, fixed-income and alternative investment strategies.
Headquartered in Paris and Boston, Natixis Global Asset Management, S.A. has
assets under management totaling $734 billion (€570 billion) as of September
30, 2012.^2 Natixis Global Asset Management, S.A. is part of Natixis. Listed
on the Paris Stock Exchange, Natixis is a subsidiary of BPCE, the
second-largest banking group in France. Natixis Global Asset Management,
S.A.’s affiliated investment management firms and distribution and service
groups include: Absolute Asia Asset Management; AEW Capital Management; AEW
Europe; AlphaSimplex Group; Aurora Investment Management; Capital Growth
Management; Caspian Private Equity; Darius Capital Partners; Gateway
Investment Advisers; H2O Asset Management; Hansberger Global Investors; Harris
Associates; IDFC Asset Management Company; Loomis, Sayles & Company; Natixis
Asset Management; Natixis Multimanager; Ossiam; Reich & Tang Asset Management;
Snyder Capital Management; and Vaughan Nelson Investment Management. Visit
ngam.natixis.com for more information.
About McDonnell Investment Management, LLC
McDonnell was founded as a 100% employee owned company and SEC registered
investment adviser on November 1, 2001 by former employees of Van Kampen
Management Inc. (“VKMI”). Dennis McDonnell, Chairman, and Edward Treichel had
originally begun assembling the fixed income talent in 1987 while at VKMI,
growing the team for over a decade until they acquired the business from Van
Kampen Investments Inc. McDonnell manages several investment disciplines for
portfolios of taxable securities (U.S. government & agency bonds, structured
securities and corporate bonds) and municipal bonds. McDonnell is known for
its experienced portfolio management professionals, highly regarded credit
research resources and responsive client service capabilities. More
information is available at www.mcdonnellinvestments.com.
^1 Cerulli Quantitative Update: Global Markets 2012 ranked Natixis Global
Asset Management, S.A. as the 13^th largest asset manager in the world based
on assets under management as of December 31, 2011.
^2 Assets under management (AUM) may include assets for which non-regulatory
AUM services are provided. Non-regulatory AUM includes assets which do not
fall within the SEC’s definition of ‘regulatory AUM’ in Form ADV, Part 1.
NATIXIS GLOBAL ASSET MANAGEMENT
Jeanette Harrison-Sullivan, 617-499-2549
MCDONNELL INVESTMENT MANAGEMENT, LLC
Michael MacMillan, 212-473-4442
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