Fixed income veteran Eric Takaha is to leave Franklin Templeton after 26 years with the US asset management giant, Citywire Selector has learned.
Takaha transitioned his portfolio roles on 1 February, which saw him hand over responsibility for a host of bond funds covering global bonds, high yield and corporate debt. He will stay with the group until June to ensure a smooth transition.
The San Mateo-based manager, who originally joined the group in 1989 as an analyst, had been co-manager alongside several high profile investors, such as Michael Hasenstab, David Zahn and Chris Molumphy, who is CIO of the Franklin Templeton Fixed Income Group.
Takaha, who was showcased in the Star Manager feature in Citywire Selector magazine in April 2014, is leaving the firm to focus on personal interests.
Franklin Templeton stressed that given its team-based approach to investing, Takaha's departure would have no impact on the way funds are managed or the investment philosophies.
At the time he was profiled, Takaha oversaw roughly $20 billion across Ucits-compliant and US-only funds. His attention was increasingly on the Franklin Strategic Income fund, which has a $7.4 billion US version and $1.45 billion in its Luxembourg-domiciled fund.
Voyles has also been appointed director of portfolio management in the wake of the changes. This is while Matt Fey has been assigned as the new director of research for the corporate & high yield group. The corporate & high yield group is made up of 35 managers and analysts across four international locations.