Loomis Sayles value manager Adam Liebhoff has resigned from the firm, leaving behind $1.6 billion in funds.
Liebhoff was a manager on the $1.2 billion Natixis Loomis Sayles Value fund and the $47.4 million Natixis Loomis Sayles Dividend Income fund, as well as the $372.8 million MassMutual Select Diversified Value fund in a subadvisory capacity.
Co-manager Arthur Barry will now serve as sole manager of the funds.
Liebhoff joined the firm in 2007, serving as an equity analyst until taking up portfolio management in 2014.
Prior to joining Loomis Sayles, he was a research analyst following large cap software companies at Cowen & Company.
Barry has been with the firm since 2005. Before joining Loomis, he was senior vice president and portfolio manager at State Street.
‘We retain high conviction in Art and the research team that stands behind him, and remain confident in their ability to provide highly competitive performance for clients going forward,’ said a spokeswoman for the firm.
At the end of March, Citywire reported that the co-head of disciplined alpha investing at Loomis Sayles was planned to retire.