Allspring Announces Change to Multi-Sector Income Fund Portfolio Management Team
Allspring Global Investments has announced a change in the portfolio management team of its Multi-Sector Income Fund (NYSE American: ERC). Adam Hicks has been appointed as a portfolio manager, while Michael Lee will be removed from the position. The investment philosophy and process will remain unchanged. Hicks, who joined from Wells Fargo Asset Management, brings experience in implementing portfolio strategies for rates and foreign exchange markets. He has been in the investment industry since 2007. Allspring Global Investments manages over $590 billion in assets under advisement as of September 30, 2024.
Allspring Global Investments ha annunciato un cambiamento nel team di gestione del portafoglio del suo Multi-Sector Income Fund (NYSE American: ERC). Adam Hicks è stato nominato gestore del portafoglio, mentre Michael Lee sarà rimosso dalla posizione. La filosofia e il processo di investimento rimarranno invariati. Hicks, che proviene da Wells Fargo Asset Management, porta con sé esperienza nell'implementazione di strategie di portafoglio per i mercati delle rate e dei cambi. È attivo nel settore degli investimenti dal 2007. Allspring Global Investments gestisce oltre $590 miliardi in attivi sotto consulenza al 30 settembre 2024.
Allspring Global Investments ha anunciado un cambio en el equipo de gestión de la cartera de su Multi-Sector Income Fund (NYSE American: ERC). Adam Hicks ha sido designado como administrador de la cartera, mientras que Michael Lee será removido de su puesto. La filosofía y el proceso de inversión permanecerán sin cambios. Hicks, que se unió desde Wells Fargo Asset Management, aporta experiencia en la implementación de estrategias de cartera para los mercados de tasas y divisas. Ha estado en la industria de inversiones desde 2007. Allspring Global Investments gestiona más de $590 mil millones en activos bajo asesoría hasta el 30 de septiembre de 2024.
Allspring Global Investments는 Multi-Sector Income Fund (NYSE American: ERC)의 포트폴리오 관리 팀에 변화를 발표했습니다. Adam Hicks가 포트폴리오 매니저로 임명되었으며, Michael Lee는 직위에서 해임됩니다. 투자 철학과 프로세스는 변경되지 않습니다. Hicks는 Wells Fargo Asset Management에서 합류했으며, 금리 및 외환 시장을 위한 포트폴리오 전략의 구현에 대한 경험을 가지고 있습니다. 그는 2007년부터 투자 산업에 종사하고 있습니다. Allspring Global Investments는 2024년 9월 30일 기준으로 $5900억 이상의 자산을 관리하고 있습니다.
Allspring Global Investments a annoncé un changement dans l'équipe de gestion de portefeuille de son Multi-Sector Income Fund (NYSE American: ERC). Adam Hicks a été nommé gestionnaire de portefeuille, tandis que Michael Lee sera retiré de son poste. La philosophie et le processus d'investissement resteront inchangés. Hicks, qui a rejoint l'équipe venant de Wells Fargo Asset Management, apporte son expérience dans la mise en œuvre de stratégies de portefeuille pour les marchés des taux et des devises. Il est dans l'industrie des investissements depuis 2007. Allspring Global Investments gère plus de $590 milliards d'actifs sous conseil au 30 septembre 2024.
Allspring Global Investments hat eine Änderung im Portfolio-Management-Team ihres Multi-Sector Income Fund (NYSE American: ERC) bekannt gegeben. Adam Hicks wurde als Portfoliomanager ernannt, während Michael Lee von der Position entfernt wird. Die Investitionsphilosophie und der Prozess bleiben unverändert. Hicks, der von Wells Fargo Asset Management kommt, bringt Erfahrung in der Umsetzung von Portfoliostrategien für Zins- und Devisenmärkte mit. Er ist seit 2007 in der Investmentbranche tätig. Allspring Global Investments verwaltet über $590 Milliarden an verwalteten Vermögenswerten zum 30. September 2024.
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About Adam Hicks
Adam Hicks is a portfolio manager for the Global Fixed Income team at Allspring Global Investments. In this role, he is responsible for implementing and monitoring the day-to-day management of portfolio strategies for rates and the foreign exchange market. Adam joined Allspring from its predecessor firm, Wells Fargo Asset Management (WFAM). Prior to his current role, he was with the WFAM Global Fixed Income team, where he was a treasury manager. Adam began his investment industry career in 2007. He earned a bachelor's degree in business administration from the University of
About Allspring
Allspring Global Investments™ is an independent asset management firm with more than
For more information on Allspring's closed-end funds, please visit www.allspringglobal.com.
*As of September 30, 2024. Figures include discretionary and non-discretionary assets.
This closed-end fund is no longer available as an initial public offering and is only offered through broker-dealers on the secondary market. A closed-end fund is not required to buy its shares back from investors upon request. Shares of the fund may trade at either a premium or discount relative to the fund's net asset value, and there can be no assurance that any discount will decrease. The values of, and/or the income generated by, securities held by the fund may decline due to general market conditions or other factors, including those directly involving the issuers of such securities. Debt securities are subject to credit risk and interest rate risk, and high-yield securities and unrated securities of similar credit quality have a much greater risk of default and their values tend to be more volatile than higher-rated securities with similar maturities. Foreign investments may contain more risk due to the inherent risks associated with changing political climates, foreign market instability, and foreign currency fluctuations. Risks of foreign investing are magnified in emerging or developing markets. The fund is exposed to mortgage- and asset-backed securities risk. The fund is leveraged through a revolving credit facility and also may incur leverage by issuing preferred shares in the future. The use of leverage results in certain risks, including, among others, the likelihood of greater volatility of the net asset value and the market value of common shares. Derivatives involve additional risks, including interest rate risk, credit risk, the risk of improper valuation, and the risk of noncorrelation to the relevant instruments that they are designed to hedge or closely track.
Allspring Global Investments™ is the trade name for the asset management firms of Allspring Global Investments Holdings, LLC, a holding company indirectly owned by certain private funds of GTCR LLC and Reverence Capital Partners, L.P. These firms include but are not limited to Allspring Global Investments, LLC, and Allspring Funds Management, LLC. Certain products managed by Allspring entities are distributed by Allspring Funds Distributor, LLC (a broker-dealer and Member FINRA/SIPC).
This material is for general informational and educational purposes only and is NOT intended to provide investment advice or a recommendation of any kind—including a recommendation for any specific investment, strategy, or plan. ALL-10292024-rvwqu9dv
© 2024 Allspring Global Investments Holdings, LLC. All rights reserved.
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SOURCE Allspring Global Investments
FAQ
Who is the new portfolio manager for Allspring Multi-Sector Income Fund (ERC)?
Will there be changes to ERC fund's investment philosophy after the portfolio manager change?
What is Adam Hicks' background before joining Allspring Multi-Sector Income Fund?
