This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Albrycht Named President Of Newfleet Asset Management

HARTFORD, Conn., Nov. 6, 2012 /PRNewswire/ --  Newfleet Asset Management, LLC, one of the boutique asset management firms that comprise Virtus Investment Partners, Inc., today announced that David L. Albrycht, CFA has been named president and chief investment officer. Albrycht had served as the company's chief investment officer, Multi-Sector Strategies, since June 2011.

In this new role, Albrycht will oversee all of Newfleet's portfolio management capabilities, including its multi-sector, enhanced core, and core strategies that are available in mutual funds, variable insurance funds, institutional accounts, and structured products. Albrycht continues to report to George R. Aylward, president and chief executive officer, Virtus Investment Partners.

"Dave's new role is an acknowledgment of his exceptional leadership in developing Newfleet as a comprehensive fixed-income asset management firm and overseeing a team that has achieved strong relative long-term performance across multiple strategies," Aylward said. "In just a little more than a year, Newfleet's assets under management have more than doubled to $10 billion, and Dave has expanded his team of high-caliber investment professionals, allowing him to maintain his primary focus of overseeing the company's continued growth while delivering strong investment performance for the Newfleet portfolios."

Albrycht joined Virtus in 2011 when it established Newfleet as a comprehensive fixed income investment manager by merging the Multi-Sector Strategies team with other existing fixed income capabilities. In addition to managing Virtus' largest open-end mutual fund, the Virtus Multi-Sector Short Term Bond Fund (Class A: NARAX), he also manages or co-manages other Virtus open- and closed-end funds including: the Virtus Multi-Sector Fixed Income Fund (Class A: NAMFX), the Virtus Senior Floating Rate Fund (Class A: PSFRX), the Virtus Tactical Allocation Fund (Class A: NAINX), the Virtus High Yield Fund (Class A: PHCHX), the Virtus Bond Fund (Class A: SAVAX), the Virtus Balanced Fund (Class A: PHBLX), the Virtus Low Duration Income Fund (Class A: HIMZX), the Virtus Total Return Fund (NYSE: DCA) and the Virtus Global Multi-Sector Income Fund (NYSE: VGI).

Prior to joining Newfleet, Albrycht was executive managing director and senior portfolio manager at Goodwin Capital Advisers, a former Virtus investment management subsidiary. He joined Goodwin in 1985 as a credit analyst, and began managing fixed income portfolios in 1991. He assumed the primary responsibility for the Multi-Sector Short Term Bond Fund in 1993, and has directed the fund's significant long-term performance and growth. In 1994 Albrycht added management of the Multi-Sector Fixed Income Fund and has since applied the multi-sector investment process to additional mutual fund portfolios, and then further expanded to include sector-specific funds such as senior floating rate and high yield loans. He also co-manages two Virtus closed-end funds.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,976.31 +263.65 1.49%
S&P 500 2,086.24 +25.22 1.22%
NASDAQ 4,947.4410 +56.2220 1.15%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs