Pioneer Investments announced the enhancement of its Alternative Fixed Income team with the appointment of Kevin Choy as Portfolio Manager. Based in Boston, Kevin will report directly to Thomas Swaney, Head of Alternative Fixed Income, U.S.
In his role, Kevin will work alongside Thomas to support the management of Pioneer Investments’ liquid alternative strategies, including the Long/Short Bond strategy and Long/Short Opportunistic Credit strategy.
Ken Taubes, Head of Investment Management U.S., commented: ‘’In an environment of lower expected returns from bonds, combined with a potential rise in volatility, we need to consider a different way of investing that targets new sources of returns, downside risk mitigation, and volatility management. Liquid alternative strategies aim to provide diversification, improve risk-adjusted returns, and act as shock absorbers during times of market stress,’’ he continued. “They’re potentially also a way to reduce correlations versus traditional asset classes.’’
Taubes added: ‘’We are pleased to welcome Kevin to the team and his appointment represents a further commitment to our capabilities in the growing alternative fixed income area.’’
Kevin joins Pioneer Investments from Hartford Investment Management, where he was a Senior Analyst covering a variety of sectors, including telecom, media and technology. Before joining Hartford he was a Senior Analyst at OFI Global Asset Management, where he generated long and short investment ideas for both retail and institutional investment mandates. Kevin also held positions at NEC Corp. in Tokyo, Japan and the U.S. Kevin has a B.S. in Business Administration with a concentration in Accounting from San Jose State University. Kevin also has an M.B.A. from the Massachusetts Institute of Technology. He is a CFA charterholder.
As a more unique insight to their Liquid Alts efforts, Thomas Swaney will be a key presenter speaking on Long / Short Opportunistic Credit when he visits Miami for a due diligence event Pioneer is hosting in early October. For more detail on this upcoming event, please post the contact: US.Offshore@pioneerinvestments.com.