The 'Warren Buffett of Bonds' Is Stepping Back From Fund Management
- Fuss isn’t retiring and will remain as senior adviser
- He will no longer help run flagship $9 billion Bond Fund
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Dan Fuss, the legendary fund manager considered the Warren Buffett of bonds, plans to step away from portfolio management at Loomis Sayles after more than four decades at the firm.
Fuss, 87, will leave as co-manager of the flagship $9.1 billion Loomis Sayles Bond Fund, which was once one of the top performing funds in its class. He will no longer serve as a manager of any of the firm’s mutual or offshore funds, the Boston-based company said in a note Monday.