Thomas Fahey will be lending his global fixed-income expertise to Loomis, Sayles & Co. as a senior macro strategist, a new role at the firm.
He will work with the director of macro strategies, Teri Mason, and will provide analysis and perspectives on global macro conditions to all fixed-income investment professionals across a range of sectors, a May 12 statement issued by the Boston-based firm said.
Working closely with the asset manager's securitized, economic, sovereign, quantitative research and risk analysis, and credit research teams, Fahey will provide an integrated view of global investment conditions and opportunities.
Additionally, he will conduct independent research into secular and cyclical trends affecting the macroeconomic investment environment, the statement said.
Aside from Fahey and Mason, the macro strategy group at the firm includes Brian Horrigan, chief economist; Jim Balfour, economics analyst; and Mike Giles, manager of strategy analytics.
Loomis manages more than $145 billion in equity and fixed-income assets as of March 31.
Fahey parted ways with Standish Mellon Asset Management, also of Boston, to take on his new role at Loomis. While at Standish Mellon, he was a senior portfolio manager in the global bond strategies group since 2005. Prior to this, he was a senior analyst and vice president in the global bond strategies group at the firm.
In a phone conversation today, Mike Dunn, spokesman for Standish Mellon, said that the firm would not be replacing Fahey.
Fahey's former team, which is lead by Dave Leduc, has assumed his responsibilities, he said.