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Legendary Bond-Fund Manager Dan Fuss To Step Away

The thoughtful transition at Loomis Sayles has been in motion for more than a decade.

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Loomis Sayles bond-fund legend Dan Fuss will step away from his portfolio management duties on March 1, 2021, the firm has announced. That date will coincide with his 45th anniversary at the firm.

Fuss, who received Morningstar's Outstanding Portfolio Manager award in 2019 and was the Morningstar Fixed-Income Manager of the Year in 2009, is a named portfolio manager on nine mutual funds. Of those, Morningstar rates the firm's flagship Loomis Sayles Bond (LSBDX), Loomis Sayles Strategic Income (NEFZX), Loomis Sayles Multisector Income, Loomis Sayles High Income Opportunities (LSIOX), and Loomis Sayles Global Allocation (LSWWX). As of March 2021, Fuss will serve as a special advisor to the Loomis Sayles Full Discretion team that manages these strategies and oversaw $65 billion as of September 2020. He will also remain on the firm's board of directors and retain his executive vice president duties.

Zachary Patzik does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.

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