Deals & People March 9, 2010

Brooks Joins DWS Investments

DWS Investments, the U.S. retail unit of Deutsche Bank’s global Asset Management division, has announced the appointment of Scott Brooks as a director responsible for Third Party Insurance National Accounts.
Reported by

Brooks will be responsible for managing client relationships with insurance companies and sub-advised mutual fund firms, according to an announcement. He will be based in New York reporting to Michael Woods, a managing director and U.S. head of distribution for DWS Investments Distributors, Inc.      

Brooks joins DWS Investments from JPMorgan Asset Management where, as a vice president, he helped the Funds Management and Global Real Asset divisions build their defined contribution investment-only (DCIO) distribution platforms. Prior to JPMorgan, Brooks served as a director and led the DCIO business for Managers Investment Group.

He also spent more than 16 years at OppenheimerFunds, where he founded and led the firm’s DCIO business team, according to the announcement.

Products March 9, 2010

Eagle Investment Grade Bond Fund Launched

Eagle Asset Management's Eagle Investment Grade Bond Fund opened to investors March 1.
Reported by

Modeled on Eagle’s established High Quality Taxable fixed-income separately managed accounts (SMA) portfolio, the Investment Grade Bond Fund seeks the capital preservation and portfolio stability that are fundamental to a conservatively managed fund, according to the firm. The new fund will generally invest in individual intermediate- and short-term securities that the portfolio managers believe offer returns similar to longer duration bonds with considerably less risk.

The benchmark for the Eagle Investment Grade Bond Fund is Barclays Capital Intermediate Government/Credit Index. The net expense ratio is estimated to be 0.85% for Class A shares, and share class pricing options are also available to serve the retirement-plan markets and for individual investors who meet certain eligibility requirements, the firm said.

In addition to the Class A share class (EGBAX), the Eagle Investment Grade Bond Fund is available in the following share classes: C (EBBCX), I (EGBLX), R-3 (ECBRX) and R-5 (EGBTX) shares. Eagle will market the new share classes through financial advisers and planners at broker/dealers, investment consulting firms, and defined contribution investment-only specialists.

The fund is co-managed by James Camp Joe Jackson.

More information is available at www.eagleasset.com.

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