Last month Loomis, Sayles & Co. portfolio manager Dan Fuss joined the select group of bond dandies ensconced in the Fixed Income Analysts Society Hall of Fame. Past honorees include former Salomon Brothers bond guru Martin Liebowitz and Pimco Advisors’ William Gross. But the 67-year-old Fuss isn’t letting the honor go to his head. Good thing. Over five years, Fuss’s largest fund, the $1.7 billion Loomis Sayles Bond Fund, is up 8.3 percent on an average annualized basis, beating the 5.5 percent return for the Lipper corporate debt/triple-B-rated category. This year, however, his fund is up just 3.6 percent, compared with a 4.5 percent return for the category as a whole. “I don’t think they want me to put my hands in cement,” Fuss says of the society. “The way this market’s going, some of my clients may want to put my feet in cement.”
