PARK RIDGE, N.J., Dec. 3, 2019 /PRNewswire/
-- Seix Investment Advisors, an affiliate of Virtus
Investment Partners, Inc. (NASDAQ: VRTS) with $18.8 billion of fixed income assets
under management as of September 30,
2019, announced that David
Phipps has joined the company as managing director, senior
leveraged finance research analyst, and Derek Fin has joined as
vice president and client portfolio manager for the leveraged
finance platform.
Phipps brings more than 25 years of industry experience with a
focus on high yield bonds in the technology, media and telecom
(TMT) industries, and was recognized by Institutional
Investor as the #1 high yield technology analyst for three
consecutive years. He covers the TMT sectors for Seix's leveraged
finance offerings that are available in institutional strategies as
well as in the Virtus Seix Floating Rate High Income, Virtus Seix
High Income and Virtus Seix High Yield open-end mutual funds.
Fin has experience as a fixed income client portfolio manager
and product specialist with a focus on leveraged loans and high
yield debt. In his new role as client portfolio manager, Fin will
represent Seix's comprehensive array of leveraged finance
strategies that are available to institutional clients.
Both Phipps and Fin report to George
Goudelias, managing director, head of leveraged finance, and
senior portfolio manager for Seix. Goudelias oversees the firm's
leveraged finance platform and provides strategic oversight of high
yield bond portfolio management activities as well as serving as
senior portfolio manager for all leveraged loan portfolios.
"We are excited to have both David and Derek join our team.
Their combined experience and deep understanding of leveraged
finance will expand our team's capabilities and reaffirm our
dedication to providing outstanding asset management and service to
our clients," Goudelias said. "We are committed to providing fixed
income solutions for institutional investors around the globe and
leveraging our strength of identifying and taking advantage of
market inefficiencies. Adding Derek and David will further expand
our team and add expertise within the leveraged finance space."
Phipps joined the company from Citigroup Global Markets, where
he most recently was a leveraged finance publishing analyst
covering the TMT sectors after serving as a desk analyst for five
years. Prior to Citigroup, he worked for Advent Capital as a
research analyst covering technology, telecommunications, chemicals
and utilities, and earlier at J.P. Morgan Securities, where he was
lead analyst on the high yield technology team. He began his
finance career at Chase Manhattan Bank in mergers and acquisitions
as well as recovery and restructuring. Phipps received an MBA, with
distinction, from the University of
Michigan and a bachelor of science degree, magna cum laude,
in computer science from Virginia
Tech.
Prior to joining Seix, Fin was at J.P. Morgan Private Bank
where he was vice president in the alternatives portfolio
management group responsible for analyzing and trading liquid
alternatives and hedge fund strategies. He started at J.P. Morgan
on the multi-asset strategies team where he provided portfolio
performance and market commentary to advisors and sales teams.
Previously, he was a fixed income product specialist at Goldman
Sachs covering high-yield, credit, securitized debt, and emerging
markets debt portfolios. He began his career at the Loan
Syndications & Trading Association as a market analyst
providing research to institutional clients on the leveraged loan
market. Fin received a bachelor of business administration degree
in finance from Lehman College, City
University of New York.
About Seix Advisors
Seix Investment Advisors is an investment management
boutique and affiliated manager of Virtus Investment Partners that
has been focused exclusively on managing leveraged finance and
investment grade fixed income strategies since 1992. Seix seeks to
generate competitive absolute, relative and risk-adjusted returns
over the full market cycle through a bottom-up focused, top-down
aware process. Seix employs multi-dimensional approaches based on
strict portfolio construction methodology, sell disciplines and
trading strategies with prudent risk management as a cornerstone.
The firm provides investment management services to a client base
that includes endowments, foundations, corporations, healthcare
organizations, public funds, insurance companies, and high net
worth individuals, in the US and abroad.
About Virtus Investment Partners
Virtus Investment Partners (NASDAQ: VRTS) is a distinctive
partnership of boutique investment managers singularly committed to
the long-term success of individual and institutional investors.
The company provides investment management products and services
through its affiliated managers and select subadvisers, each with a
distinct investment style, autonomous investment process, and
individual brand. Virtus Investment Partners offers access to a
variety of investment styles across multiple disciplines to meet a
wide array of investor needs. In addition to Seix Investment
Advisors, its affiliated managers include Ceredex Value Advisors,
Duff & Phelps Investment Management, Kayne Anderson Rudnick
Investment Management, Newfleet Asset Management, Rampart
Investment Management, Silvant Capital Management, Sustainable
Growth Advisers, and Virtus ETF Advisers. Additional information is
available at virtus.com.
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SOURCE Seix Investment Advisors