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Loomis Sayles bolsters emerging markets team

Loomis Sayles bolsters emerging markets team

Loomis Sayles & Co. has strengthened its emerging market team in order to develop new equity strategies, the Boston-based company has announced.

Michael McDonough was formerly head of Asian long-short equities at Pine River Capital Management.

He joins Loomis Sayles & Co. as senior equity portfolio manager. McDonough has over 15 years of investment experience across a broad range of geographies and asset classes, and has worked in Hong Kong since 2006.

Meanwhile, the firm also announced that Joshua Demasi, who most recently a senior sovereign analyst on the macro strategies team, has been promoted to portfolio manager and emerging markets strategist.

Loomis Sayles said both managers will report to Peter Marber, head of emerging markets investments, who joined the company in September 2013. They will be charged with helping to develop new EM equity strategies.

‘We are excited to welcome Michael and Josh aboard. Their collective knowledge and expertise will strengthen our effort to deliver sophisticated emerging market solutions to our clients,’ Marber said.

Loomis Sayles has been building its global capabilities in recent years and now manages more than $14 billion in emerging markets assets.

Since 2013, the firm has added eight professionals to its emerging markets research and portfolio teams. Bianca Taylor joined in June 2013 as senior sovereign analyst primarily overseeing Latin America.

Her appointment followed a number of changes in the unit, such as emerging market debt specialist Edgardo Sternberg being promoted to portfolio management in 2012 as part of a shake-up of the unit.

Last April, Loomis Sayles launched an unconstrained emerging markets bond fund with a ‘go anywhere’ approach managed by Marber and veteran fund manager David Rolley.

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