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
