Kevin Booth Brings 30 Years of Investment Experience to the Fixed Income Team
SAN FRANCISCO--(Business Wire)--
RS Investments (RS), a San Francisco-based investment management firm, today
announced that Kevin Booth, CFA, has been named co-portfolio manager of RS High
Yield Bond Fund (GUHYX).
"Kevin`s decades of experience are reflective of the strength of the team
supporting RS`s fixed income funds," said Leslie Barbi, who heads fixed income
investing for RS Funds and Guardian Investor Services LLC, the sub-adviser for
RS fixed income funds. The RS fixed income team consists of more than 30
investment professionals who, on average, have 15 years of investment
experience.
Prior to this, Mr. Booth was a managing director at BlackRock/Merrill Lynch
Investment Managers and was co-head of BlackRock's leveraged finance business
through January 2009, specializing in portfolios consisting of leveraged bank
loans, high yield bonds, and distressed obligations. He managed five closed-end
and two open-end high-yield funds with assets under management of $2 billion. He
joins co-portfolio managers Marc Gross and Howard Most on RS High Yield Bond
Fund.
Mr. Booth holds a bachelor`s degree in economics from The State University of
New York and a MBA in Finance from New York University.
About RS Investments
RS Investments is an investment management firm offering investment solutions
for institutional and individual investors and the advisors who serve them. The
firm`s specialized investment platform supports distinct investment teams, each
utilizing disciplined, and repeatable investment processes to deliver
research-driven value, growth, international and fixed income strategies. The
firm was founded in 1986 and has offices in San Francisco and New York.
As with all mutual funds, the value of an investment in the Fund could decline,
so you could lose money. Bond funds are subject to interest rate risk, credit
risk, and prepayment risk. When interest rates rise, bond prices generally fall,
and when interest rates fall, bond prices generally rise. Currently, interest
rates are at relatively low levels. Please keep in mind that in this kind of
environment, the risk that bond prices may fall when interest rates rise is
potentially greater. High yield bond investing includes special risks.
Investments in lower rated and unrated debt securities are subject to a greater
loss of principal and interest than investments in higher rated securities. The
values of mortgage-backed securities depend on the credit quality and adequacy
of the underlying assets or collateral and may be highly volatile. Derivative
transactions can create leverage and may be highly volatile. It is possible that
a derivative transaction will result in a loss greater than the principal amount
invested and the Fund my not be able to close out a derivative transaction at a
favorable time or place.
RS Funds are sold by prospectus only. You should carefully consider the
investment objectives, risks, charges, and expenses of the RS Funds before
making an investment decision. The prospectus contains this and other important
information. Please read it carefully before investing or sending money. To
obtain a printed copy, please call 800-766-3863.
RS is an independent subsidiary of Guardian Investor Services LLC. Guardian
Investor Services LLC (GIS), is a registered broker-dealer, registered
investment advisor, and a wholly owned subsidiary of the Guardian Life Insurance
Company of America.
RS Funds are distributed by: Guardian Investor Services LLC, 7 Hanover Square,
New York, NY 10004. GIS is a member: FINRA, SIPC.
PR933
RS Investments
Pat Harden, 415-591-2751
pharden@rsinvestments.com
or
Harden Partners
Christine Cannon, 631-776-0247
ccannon@hardenpartners.com
Copyright Business Wire 2009
