JERSEY CITY, N.J., Oct. 9, 2017 /PRNewswire/ -- Lord, Abbett & Co. LLC ("Lord Abbett"), an independent, privately held investment management firm, announced the appointment of seven new Partners, effective October 1, 2017. As one of the oldest money management firms in the United States, Lord Abbett has been managing equity and fixed-income products for nearly 88 years, and currently manages approximately $154.2 billion (as of September 30, 2017)* 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 professionals has made significant contributions to Lord Abbett," said Daria L. Foster, Managing Partner. "The leadership and dedication they demonstrate in their daily responsibilities have allowed us move forward in our ongoing efforts to meet the needs of our clients."
2017 Lord Abbett Partner Appointments:
- Brooke A. Fapohunda — Deputy General Counsel
- Jamey Lamanna — Chief Information Officer
- Eric Ghernati — Research Analyst
- Philip B. Herman — Portfolio Manager
- Shane M. Magoon — Trader
- Giulio Martini — Director of Strategic Asset Allocation
- Richard T. Nigro — Director, Relationship Management
Brooke A. Fapohunda joined Lord Abbett in 2006 and has 15 years of legal experience. As Partner, Deputy General Counsel, she is responsible for managing the group within the Legal department that provides day-to-day support to the Lord Abbett Family of Funds—collaborating with senior personnel on product development, registration and operations; regulatory and governance; and negotiation and oversight of service provider arrangements.
Jamey Lamanna joined Lord Abbett in 2016 and has more than 20 years of information technology experience. As Partner, Chief Information Officer, he is responsible for developing and implementing Lord Abbett's strategy for technology and data management, including managing the firm's technology resources and infrastructure activities.
Eric Ghernati joined the firm in 2014 and has 17 years of industry experience. As Partner, Research Analyst, he is responsible for covering the technology sector for Lord Abbett's Global Equity Research team, which supports all of the firm's equity capabilities.
Philip B. Herman joined Lord Abbett in 2007 and has 18 years of industry experience. As Partner & Portfolio Manager, he is responsible for contributing to Lord Abbett's tax-free fixed income strategies.
Shane M. Magoon joined Lord Abbett in 2004 has almost 15 years of industry experience. As Partner, Trader, he is responsible for covering High Yield Credit for Lord Abbett's Fixed Income Trading tea, which supports all of the firm's taxable fixed-income strategies.
Giulio Martini joined Lord Abbett in 2015 and has more than 30 years of industry experience. As Partner, Director of Strategic Asset Allocation, he is responsible for directing the portfolio management, research, and trading activities for the firm's multi-asset class strategies. Mr. Martini is also responsible for overseeing the firm's currency team. In addition, he is a member of the Investment Leadership Team and leads the Strategic Allocation Committee.
Richard T Nigro joined Lord Abbett in 2005 and has more than 10 years of industry experience. As Partner, Director, Relationship Management, he is responsible for leading the efforts of Lord Abbett's Relationship Management team and oversees the Strategic Relationship Group that manages the business relationships and strategic efforts related to the firm's distribution partners, including broker dealers, private banks, and insurance companies.
For more information about Lord Abbett, please visit lordabbett.com.
*Assets under management include approximately $1.6 billion for which Lord Abbett provides investment models to managed account sponsors.
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 $154.2 billion in assets (as of September 30, 2017) across a full range of mutual funds, institutional and separately managed accounts, including $1.6 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.
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