After more than 30 years managing the same fund, multisector bond maven Dan Fuss will step back from the $9.1 billion Loomis Sayles Bond fund next March. This according to an article in CityWire.

Fuss, who also runs other funds, made his reputation as a pioneer of the multisector strategy—investing in a combination of US corporate high yield, emerging markets, and US Treasury securities. Through November of this year, his fund reportedly delivered an 8.47% return versus the Morningstar Multisector category average return of 6.02%. The article notes that over his career, Fuss earned many awards including Morningstar Fund Manager and Outstanding Manager of the Year in 1995, 2009 and 2019.

The article reports Fuss’s fund returns had recently turned a bit more “tepid” with a .90% return for the year, “landing it in the bottom quintile of the category.”

The article quoted Tim Baldes, principal of investment manager research at Edward Jones, on his thoughts about Fuss: “Listening to his thoughts on markets, building teams, economics and his personal endeavors, along with the character he brings to the discussion, is both insightful and motivating.”