Philadelphia, PA, Dec. 11, 2018 (GLOBE NEWSWIRE) -- Clark Capital Management Group, an independent asset manager founded in 1986, announced today the appointment of Steven Grant and Jonathan Fiebach as Co-Heads of Fixed Income.
The announcement comes as Clark Capital expects fixed income to be a continued driver of growth for the firm. “Over the years, we have become known for our expertise in fixed income and we are fortunate to have a seasoned team of fixed income portfolio managers,” said Sean Clark, CFA®, Chief Investment Officer. “Under the shared leadership and vision of Jon and Steve, we will be able to expand our fixed income offerings to meet the increased demand we’re seeing in the asset class.”
Steve and Jon will report to Sean Clark and will oversee a fixed income team of ten investment professionals, who share an average of 24 years of industry experience. As of October 31, 2018, Clark Capital manages over $8 billion in fixed income assets across its various SMA, UMA and mutual fund offerings.
Steve Grant has been with Clark Capital since 1996, holding various leadership roles during his tenure, including Portfolio Manager of the Navigator® Tax-Free Fixed Income strategy and Chief Financial Officer. Steve’s appointment to Co-Head of Fixed Income will leverage his 40 plus years of fixed income experience including a focus on innovative product development. Steve is a member of the Firm’s Executive Team and holds the CFP® designation.
Jon Fiebach, who has been with the Firm since 2016, has over 30 years of experience as a fixed income trader and portfolio management leader in the institutional bond industry. In addition to his new role, Jon will also remain lead portfolio manager of the Navigator® Tactical Fixed Income Fund (NTBIX), which manages over $3.6 billion in assets as of October 31, 2018. The Fund has a five-star Morningstar I-Share rating and was also awarded a 2018 Lipper Fund Award for the Best 3 Year Fund in the Alternative Credit Focus category. The Fund’s Morningstar rating is based on 3-year risk-adjusted returns among 281 Non-Traditional Fixed Income Funds as of September 30, 2018.
“In today’s uncertain interest rate environment, we’re continuously looking for new opportunities to help advisors address the ever-changing needs of investors,” said Brendan Clark, CFA®, Chief Executive Officer. “We are excited to have Jon and Steve leading the firm in developing innovative fixed income products that we believe will help us deliver successful outcomes to our clients.”
About Clark Capital Management Group
Clark Capital Management Group is an independent asset management firm providing institutional quality investment strategies to individual investors, corporations, foundations, and retirement plans. The Firm was founded in 1986 by Harry Clark, Executive Chairman, and has been entrusted with over $13.6 billion* in assets.
Our investment philosophy is driven by a single-minded focus: to add value for our collective clients. This focus enables us to seek superior risk-adjusted returns over full market cycles through a disciplined process focused on three principles: meaningful diversification, opportunistic asset allocation, and personalized risk management. It compels us to maintain a long-term perspective and provide innovative investment management strategies that enable advisors to deliver investment success to their clients. Portfolio Managers utilize both a relative strength, top down methodology and a fundamental, bottom-up methodology across fixed income, equity, alternative, and diversified asset allocation strategies.
For more information, visit ccmg.com and follow @ClarkCapital on Twitter.
*As of October 31, 2018; includes assets under management and sub-advised assets
Clark Capital Management Group, Inc. is an investment adviser registered with the U.S. Securities and Exchange Commission. Registration does not imply a certain level of skill or training. More information about Clark Capital’s investment advisory services can be found in its Form ADV Part 2, which is available upon request.
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Past performance does not guarantee future returns. Investors should carefully consider the investment objectives, risks, charges and expenses of the Navigator Funds. This and other important information about the Fund is contained in the prospectus, which can be obtained by calling 1-800-766-2264. The prospectus should be read carefully before investing. The Navigator® Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Clark Capital Management Group and Northern Lights Distributors LLC are not affiliated entities.
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5388-NLD-12/10/2018
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