all plan to launch bank loan funds in 2011. Bloomberg revealed
that tidbit and more in an article yesterday on the recent popularity of the niche mutual funds, notably Scott Page
and Craig Russ
' $1.5 billion Eaton Vance Floating-Rate Advantage Fund
Bloomberg reports that, according to Morningstar, bank loan funds attracted a record $5.62 billion in net inflows in January.
Page and Russ, Harris Private Bank CIO Jack Albin, Loomis Sayles
] PM John Bell
, Credit Suisse global leveraged-finance strategy chief Jonathan Blau, Markit Group credit analyst Otis Casey, Lord Abbett Floating Rate Fund
] PM Elizabeth MacLean
, Wells Fargo
] PM Margie Patel
, Putnam Floating Rate Income Fund
] PM Paul Scanlon
, and Lipper analyst Jeff Tjornehoj all weighed in for the article.
Neil Anderson, Managing Editor
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