Newfleet Asset Management, one of the boutique asset management firms that comprise Virtus Investment Partners, has named David L Albrycht as president and chief investment officer.
Albrycht (pictured) 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 says. "In just a little more than a year, Newfleet’s assets under management have more than doubled to USD10bn, and Dave has expanded his team of high-calibre 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 fixed income investment manager by merging the multi-sector strategies team with other existing fixed income capabilities.
Prior to joining Newfleet, Albrycht was executive managing director and senior portfolio manager at Goodwin Capital Advisers, a former Virtus investment management subsidiary.