Pioneer appoints Choy to alternative fixed income team

Kevin ChoyPioneer Investments has appointed Kevin Choy to the newly created role of portfolio manager in the alternative fixed income team.

Based in Boston, Choy will report directly to Thomas Swaney, head of alternative fixed income, US.

In his role, Choy will work alongside Swaney to support the management of Pioneer Investments’ liquid alternative strategies, including the long/short bond strategy and long/short opportunistic credit strategy.

Choy 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 retail and institutional investment mandates.

Ken Taubes, head of investment management US, commented on the appointment: “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.’’

Pioneer Investments has approximately €226 billion in assets under management as of May 31, 2015.

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