Deals & People July 2, 2012

Performance Trust Names Caisse Senior Portfolio Manager

Bryan P. Caisse, whose background is in mortgage-backed and fixed-income portfolio management, joined Performance Trust Investment Advisors LLC (PTIA) as senior portfolio manager.
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Caisse will be responsible for running a mortgage-backed, fixed-income portfolio and help oversee the risk of the portfolios for PTIA while executing the company’s current business strategy, including raising additional assets and building out product lines. PTIA manages more than $480 million in assets as of May 31. He will team up with President Douglas Rothschild and Chief Investment Officer Peter Cook, who manages the investment teams at PTIA, a sister company of Performance Trust Capital Partners LLC.

Caisse has more than 21 years of experience in financial services. From 2008 to the present, he was the president of Huxley Capital Management in New York, a fixed-income hedge fund. From 1997 to 2007, Bryan was the senior portfolio manager at West Side Advisors, an SEC-regulated mortgage-backed securities hedge fund in New York with multiple billions of assets under management. From 1994 to 1997, he was the senior portfolio manager and managing director at Bear Stearns Investment Advisors. From 1991 to 1994, he was a managing director in the institutional mortgage sales division at Bear Stearns. Before joining Bear Stearns, Bryan was a Navy lieutenant, and the weapons officer on the nuclear submarine USS John Marshall.

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Caisse holds a bachelor’s of science in mathematics from the United States Naval Academy. He graduated from the U.S. Navy’s Nuclear Power School as a nuclear engineer and attended New York University’s Stern School of Business MBA program.

 

Products July 2, 2012

Advantus Strategic Dividend Income Fund Gets Institutional Share Class

Advantus Capital Management launched an institutional share class of the Advantus Strategic Dividend Income Fund, which invests in a wide array of dividend-paying equity securities.

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The fund invests primarily in dividend-paying equity securities, including common and preferred stock of utilities, and infrastructure- and realestate-related companies—with about half the fund’s portfolio going to real estate.

Additionally, up to 25% of the fund’s assets may be invested in the securities of master limited partnerships, and fund adviser Advantus Capital may also invest in: exchange-traded funds, exchange-traded notes, and Treasury inflation protected securities and futures. The fund may also write covered calls to manage inflation or volatility, increase income or gain market exposure.

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Advantus Strategic Dividend Income Fund’s management team of three portfolio managers are: Joseph R. Betlej, Lowell R. Bolken and Craig M. Stapleton. Quasar Distributors is the fund’s distributor. Advantus, based in St. Paul, Minn., and a subsidiary of Securian Financial Group, manages more than $24 billion in assets under management for public and corporate pension plans, foundations and endowments, and insurance general acccounts.

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