Van Kampen Announces Changes to Fixed Income Team
Effective August 7, 2008, Roberto Sella, Managing Director, co-head of the U.S. Fixed Income
group and leader of the Mortgage investment team, has left the firm. His departure comes
amid a period of high volatility and challenging performance in the financial markets,
especially in the fixed-income space. We wish him well in his future endeavors.
We remain fully committed to our fixed-income platform. As an example, we are consolidating
the majority of our U.S. fixed-income business to one geographic area—New York. This
integration will further develop intra-team relationships by allowing investment professionals
to share a common office and trading facilities. We expect this transition to be completed by
April 2009.
This consolidation is part of our overall strategy to enhance our fixed-income business, while
remaining well-aligned with client needs. This strategy also includes enhancing our operating
platform, and providing better integration and coordination between U.S. investment
professionals and colleagues in London and Tokyo. We also continue to seek new talent and
remain engaged in hiring opportunistically in the current environment.
We remain confident that our strategy will allow us to drive the business forward during this
transitional period as well as meet our clients’ investment needs in the long run. We are
excited about the opportunities ahead of us in the fixed-income arena.
The team members below will continue to maintain responsibility for the day-to-day
management of the following funds:
- Van Kampen Core Plus Fixed Income Fund: David Armstrong, Sanjay Verma
- Van Kampen U. S. Mortgage Fund: Scott Richard, Sheila Huang
- UIF Core Plus Fixed Income Portfolio (Class I and Class II): W. David Armstrong,
Sanjay Verma
It is important to note: the funds’ investment objectives, strategies and benchmarks remain
the same. For more information about these changes, please refer to the related prospectus
supplement.
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