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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,067.56 -30.89 -0.18%
S&P 500 2,002.28 -1.09 -0.05%
NASDAQ 4,598.1880 +17.9170 0.39%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

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