People on the Move: Highland Capital, Hatteras, Putnam, Nuveen

In this edition of People on the Move:

  • Nuveen Asset Management’s Walter French Announces Retirement
  • Jonathan Birtwell Joins Seeyond Multi-Asset Allocation Fund
  • Highland Capital Management Hires New Credit Trader to Support Expanded Structured Products Team
  • Mark Chapin Resigns from Revolution; Sub-Advisor to Hatteras Funds
  • Putnam Investments Names Jeffrey Gould Head of Institutional Business

Nuveen Asset Management’s Walter French Announces Retirement

Walter French has announced his retirement from Nuveen Asset Management effective September 30, 2014. Mr. French is currently serving as the portfolio manager of the Nuveen Equity Index Fund (FAEIX), the Nuveen Mid Cap Index Fund (FDXAX), the Nuveen Small Cap Index Fund (FMDAX), and the Nuveen Tactical Market Opportunities Fund (NTMAX); and he will continue in that capacity until the time of his retirement.

As of September 30, Michael Lindh, CFA, will be added as a co-portfolio manager of the Nuveen Equity Index Fund, the Nuveen Mid Cap Index Fund, and the Nuveen Small Cap Index Fund. The Nuveen Tactical Market Opportunities Fund will continue to be managed by Keith Hembre and Derek Bloom; and David Friar will continue to serve as a portfolio manager for all four funds.

Jonathan Birtwell Joins Seeyond Multi-Asset Allocation Fund

Jonathan M. Birtwell joined the portfolio-management team of Natixis’s Seeyond Multi-Asset Allocation Fund (SAFAX) on August 25. Prior to joining Natixis, Mr. Birtwell worked as a trader, first for Direxion Funds and then for PanAgora Asset Management. Earlier in his career, Birtwell was a business development associate at John Hancock Funds. The Natixis Seeyond Multi-Asset Allocation Fund debuted on July 23, 2014, and has generated returns of -1% through September 16, according to Morningstar.

Highland Capital Management Hires New Credit Trader to Support Expanded Structured Products Team

On September 9, Highland Capital Management announced that it had hired Chris Hayes to trade loans and high-yield bonds for the firm. Mr. Hayes has eight years of financial-industry experience, most recently working as a fixed-income trader for Neuberger Berman. This move is seen as part of Highland’s strategy to expand its structured products team, as Hayes will report directly to Josh Terry, Highland’s Head of Structured Products and Trading. “Chris’s relationships and understanding of numerous trading platforms will further enhance our ability to provide clients market leading services,” Mr. Terry said.

Hatteras: Mark Chapin Resigns from Revolution

Mark Chapin was a principal and managing member of Revolution Capital Management, and in that capacity, he served as a trading advisor to the Hatteras Alpha Hedged Strategies Fund (APHAX) and the Hatteras Managed Futures Strategy Fund (HMFAX). On September 4, Mr. Chapin resigned from Revolution, and as a result, the trading advisory agreement between Hatteras and Revolution was automatically terminated, according to a filing with the SEC. Both APHAX and HMFAX are in the bottom half of their fund categories in terms of year-to-date returns through September 16, according to Morningstar.

Putnam Investments Names Jeffrey Gould Head of Institutional Business

Jeffrey L. Gould has joined Putnam Investments from Lazard Asset Management, where he served as the firm’s head of institutional marketing. In his new role with Putnam, Mr. Gould will be responsible for overseeing the firm’s institutional asset management business, and he will be a member of Putnam’s operations committee. Gould will report directly to CEO Robert L. Reynolds, who describes Gould as a “savvy industry leader.” Putnam and its affiliates manage approximately $75 billion in institutional assets as of June 30, 2014.

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