JERSEY CITY, N.J.--(BUSINESS WIRE)--Lord, Abbett & Co. LLC (“Lord Abbett”), an independent, privately held investment management firm, announced the appointment of five new Partners, effective October 1, 2014. As one of the oldest money management firms in the United States, Lord Abbett has been managing equity and fixed-income products for nearly 85 years, and currently manages approximately $138 billion (as of September 30, 2014)* across a full range of mutual funds, institutional, and individually managed accounts.
Lord Abbett remains dedicated to strong investment performance, thoughtful product innovation, and the strategic broadening of distribution—all of which continue to enhance the success of the organization. As a firm that is investment-led and investor-focused, Lord Abbett evaluates every decision from an investment perspective in an effort to deliver on its mission of achieving superior long-term performance on behalf of its clients.
The appointment of the new Partners reflects the deep commitment of these individuals to the principles, values, and objectives of the firm.
“Each one of these individuals has made significant contributions to Lord Abbett,” said Daria L. Foster, Managing Partner. “Their ongoing leadership and dedication have allowed us to position the firm for the future as we continually evolve to meet the needs of our clients.”
2014 Lord Abbett Partner Appointments:
- Andrew M. Khatri—Director of Trading
- Gregory S. Parker, CFA—Director of Credit Research
- Marc Pavese, Ph.D.—Research Analyst
- Vito Fronda, CPA—Director of Taxation
- Bradley Eckstein—Senior Regional Manager
*Assets under management include approximately $1.4 billion for which Lord Abbett provides investment models to managed account sponsors.
Andrew M. Khatri joined Lord Abbett in 2011, and has more than 12 years of experience in the financial services industry. As Director of Taxable Fixed Income Trading, he is responsible for overseeing all of Lord Abbett’s taxable fixed income trading strategies.
Gregory S. Parker, CFA, joined Lord Abbett in 2007, and has more than 23 years of experience in the financial services industry. As Director of Credit Research, he is responsible for managing Lord Abbett’s Credit Research group and for deepening the firm’s capabilities in this important asset class.
Marc Pavese, Ph.D., joined Lord Abbett in 2008, and has more than 15 years of experience in the financial services industry. As Research Analyst, he was involved in the development of Lord Abbett’s proprietary equity valuation model and has played a major role in the development and launch of Lord Abbett’s Calibrated Suite of equity portfolios; assisting with the management of these portfolios is now his primary responsibility.
Vito Fronda, CPA, joined Lord Abbett in 2003, and has more than 20 years of experience in the financial services industry. As Director of Taxation, he is responsible for overseeing all of Lord Abbett’s federal and state tax requirements, and for establishing rigorous processes and controls to manage the tax risks of the firm.
Bradley Eckstein joined Lord Abbett in 2005, and has more than 10 years of experience in the financial services industry. As a Senior Regional Manager, he has been the top salesperson in the bank and independent channels, and plays an active role in training and mentoring new Regional Managers in the field.
For more information about Lord Abbett, please visit lordabbett.com.
About Lord Abbett
Lord, Abbett & Co. LLC is an independent, privately held firm with a singular focus on the management of money. Founded in 1929, Lord Abbett is one of the oldest money management firms in the United States, and has forged a culture that is investment-led and investor-focused. Lord Abbett manages approximately $138 billion in assets (as of September 30, 2014) across a full range of mutual funds, institutional and separately managed accounts, including $1.4 billion for which Lord Abbett provides investment models to managed account sponsors.
Investors should carefully consider the investment objectives, risks, charges, and expenses of the Lord Abbett Funds. This and other important information is contained in a fund’s summary prospectus and/or prospectus. To obtain a prospectus or summary prospectus on any Lord Abbett mutual fund, contact your investment professional or Lord Abbett Distributor LLC at 888-522-2388, or visit us at lordabbett.com. Read the prospectus carefully before investing.
Lord Abbett mutual fund shares are distributed by Lord Abbett Distributor LLC.
Shares of Lord Abbett mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, and are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of principal amount invested.