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Equity outperformer joins US group as large cap value chief

Equity outperformer joins US group as large cap value chief

Citywire + rated manager Warren N. Koontz has joined New York-based asset managers Jennison Associates as its new head of large cap value, Citywire Global has learned.

Koontz joins from Loomis Sayles & Co., where he spent the past 19 years as portfolio manager.

In his new capacity, Koontz will be responsible for the firm’s large cap value equity team, which oversees $4.3 billion on behalf of institutional and private clients.

The company as a whole, which has operations in New York and Massachusetts, oversees a total of $185 billion across equity and fixed income managed accounts and commingle vehicles.

The addition of Koontz marks the latest in a series of moves by Loomis Sayles equity managers to Jennison Associates. This dates back to 2011 when a quartet of managers moved across to set up Jennison’s global equity unit.

Koontz had previously run a host of funds for the group, which include the US-domiciled Natixis Loomis Sayles Capital Fund. He ran this alongside bond veteran Dan Fuss and Citywire + rated manager Arthur Barry.

During his tenure, Koontz had also been responsible for the Loomis Sayles Global Equity Opportunities fund. However, he handed over management of this fund to Eileen Riley and Lee Rosenbaum in April of last year in order to concentrate on other funds.

The experienced fund manager assumed his new post at the start of September and is based in Jennison Associates’ offices in Boston.

Since joining the firm officially on 2 September, Koontz has been named as a manager on a number of Jennison funds. These include the Prudential Jennison Value Fund, the Prudential Jennison Blend Fund and the Prudential Jennison 20/20 Focus Fund, among others.

As reported by Citywire Global, Loomis Sayles had already reacted to his departure with the appointment of Adam Liebhoff as a portfolio manager. Liebhoff immediately assumes Koontz’s previous fund manager responsibilities.

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