Deals & People May 21, 2013

T. Rowe Price Names Head of International Fixed Income

T. Rowe Price International Ltd named Arif Husain head of international fixed income.
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In this role, Husain will lead the firm’s international/global fixed income investment team and process. He will also take on portfolio management responsibilities following an appropriate transition period. Husain will start on August 30, and be based in London, United Kingdom.

Husain will succeed Ian Kelson, who will remain at T. Rowe Price in the Fixed Income Division and among other responsibilities will continue to serve on the firm’s Asset Allocation Committee and be available to service clients, help with product development, and mentor investment associates during the transition period.

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Husain has 18 years of investment experience and most recently served as director of both European fixed income and U.K. and Euro portfolio management for AllianceBernstein. He was responsible for management of the EMEA fixed income business, leading a team of professionals across research, portfolio management, and support disciplines. As a member of the global fixed income and absolute return portfolio management teams, he had responsibility for managing global multi-sector and global government portfolios, and oversaw European credit, European high yield, U.K./European short duration, and U.K. fixed income products. Prior to joining AllianceBernstein in 1999, Husain was assistant director of European derivatives trading at Greenwich NatWest and traded interest rate swaps at Bank of America.

He received a B.Sc. (Hons) in banking and international finance from the City University London Business School (now Cass Business School) and is a CFA charterholder.

Products May 21, 2013

Jefferson National Expands Monument Advisor

Jefferson National added seven funds designed to meet the needs of registered investment advisers (RIAs) and fee-based advisers. 
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The funds have been added as part of Jefferson National’s Monument Advisor, which offers a tax-deferred investing solution that aims to improve performance potential of tax-inefficient strategies without increasing risk.With these new funds, Jefferson National now has nearly 400 underlying funds in its lineup.

 

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  • The ALPS/Alerian Energy Infrastructure Portfolio, which Jefferson claims is the first of its kind to deliver energy infrastructure and master limited partnership (MLP) investments in a variable insurance trust (VIT);
  • The Probabilities VIT Fund—a quantitative long/short U.S. equity fund-of-funds that uses an active trading strategy to generate non-correlated alpha versus the Standard & Poor’s (S&P) 500 Index;
  • The Guggenheim VT Macro Opportunities, previously available only to institutional clients, which employs an opportunistic tactical strategy;
  • Guggenheim VT Floating Rate Strategies, also previously available only to institutional clients, which provides an alternative to traditional fixed income;
  • Fidelity VIP Target Volatility Portfolio, which seeks total return while attempting to maintain a target portfolio volatility of 10%;
  • Van Eck VIP Global Gold Fund—an actively managed portfolio that invests in gold-mining equities; and
  • The 7Twelve Balanced Portfolio, which uses a proprietary approach based on the strategies of recognized investing authority Craig Israelsen, Ph.D.

 

“In today’s marketplace advisers need to manage risk, hedge against volatility and build more resilient client portfolios, and many of the alternative investments and tactical strategies they utilize for these purposes benefit from tax deferral,” said David Lau, chief operating officer of Jefferson National. 

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