Fund changes at Natixis

Toronto-based NGAM Canada LP, a unit of Boston-based Natixis Global Asset Management LP, has proposed several changes to its suite of NexGen Funds. The management fees will be reduced to 10 to 20 basis points on the A-class and F-class units of four funds: NexGen Canadian Bond Tax Managed Fund, NexGen Canadian Bond Fund, NexGen Corporate Bond Tax Managed Fund and NexGen Corporate Bond Fund. As well, Boston-based Loomis Sayles & Co. LP will manage NexGen Corporate Bond Fund and NexGen Corporate Bond Tax Managed Fund as of Oct. 17. The funds will be renamed Loomis Sayles Global Diversified Corporate Bond Fund and Loomis Sayles Global Diversified Corporate Bond Tax Managed Fund, respectively. As of Oct. 16, Toronto-based Cidel Asset Management Inc. will take over the portfolio management of NexGen Turtle Canadian Balanced Registered Fund and NexGen Turtle Canadian Balanced Tax Managed Fund. These funds will be renamed Natixis Strategic Balanced Registered Fund and Natixis Strategic Balanced Tax Managed Fund, respectively.

(fcollie@investmentexecutive.com).