Loomis Sayles head of emerging markets investments has left the Boston-based asset manager.
Peter Marber, a highly-regarded emerging markets investor, author and academic, left Loomis Sayles in December 2016 to pursue other opportunities in New York.
Marber was a portfolio manager on two funds, both of which were available to investors outside the US. These were the Loomis Sayles Emerging Debt & Currency fund and the Loomis Sayles Short Term Emerging Markets Bond fund.
He also managed the Loomis Sayles Emerging Markets Opportunities fund, which was available to US investors, but was liquidated on November 10 2016.
Citywire + rated David Rolley as well as Edgardo Sternberg, Peter Frick and Elisabeth Colleran continue to manage the Short Term Emerging Markets Bond fund. Frick, Sternberg and Rolley will continue to manage the Emerging Debt & Currency fund too.
Prior to joining Lomis Sayles Marber (pictured above) was chief business strategist and portfolio manager at HSBC Asset Management, which acquired The Atlantic Funds, a firm he co-founded, in June 2005.
Marber has taught at Harvard and Columbia and has written and edited five books of including 2014's 'Brave New Math: Information, Globalization, and New Economic Thinking in the 21st Century'. He has co-edited 'The Evolution of Liberal Arts in the Global Age', which is to be published later this year.
There are no immediate plans to replace Marber, according to a Loomis Sayles spokeswoman. For the time being, the emerging markets team will report directly to David Waldman, deputy chief investment officer and Jae Park, chief investment officer.