Loomis, Sayles & Co [profile] bond fund manager Kathleen Gaffney, who co-PMed the firm's high profile $22 billion Loomis, Sayles Bond Fund, among other funds, has jumped ship to join rival Eaton Vance Corp [profile], Reuters reported.

Gaffney, 50, reportedly stepped down from that fund and four others, according to a securities filing on Monday. Including the five funds and others, including offshore vehicles, Gaffney had co-managed a total of $84 billion, according to Reuters.

She had co-PMed the Loomis funds with Dan Fuss, 79, Loomis' high-profile fixed income PM, since 1997, according to the newswire.

According to the newswire, Fuss has no immediate plans to retire and will continue to run products with co-PMs, including Matthew Eagan, 46, and Elaine Stokes, 47. Both became co-PMs with Fuss and Gaffney in 2007. 

Edited by: Tommy Fernandez


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