Effective September 1, Robert Lee no longer serves as chief investment officer at Lord Abbett as the firm has eliminated that position. Lee recently returned to portfolio-management duties as part of reforms led by managing partner Doug Sieg to get the firm’s top personnel refocused on investing. The move officially recognizes Lee’s return to managing money full time. The news does not affect any of his management responsibilities. He’ll join Steven Rocco as co-head of the firm’s taxable fixed-income division.
Will LAUSX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LAUSX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the LAUSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of LAUSX’s parent organization’s priorities and whether they’re in line with investors’ interests.