The New York-based high-grade fixed-income team of OppenheimerFunds will relocate to Boston in the first quarter, says Ben Gord, a mortgage-backed securities portfolio manager. Gord, as well as Angelo Manioudakis, head of the investment-grade team and to whom Gord reports, are part of the 10-15 staffers scheduled for the relocation. Others include Bob Behal, asset-backed securities portfolio manager, and Chuck Moon, investment-grade corporate portfolio manager. Manioudakis' team overseas high-grade corporates, agencies, Treasuries, ABS and MBS.
Manioudakis was unavailable for comment, but referred calls to Gord. Gord says that the reason for the relocation is to bring the fixed-income portfolio management team closer to Boston-based institutional marketing staff, while the New York office will continue to house retail and corporate operations. He denies a rumor that the relocation may result in job cuts. Manioudakis, Moon and Gord are the team of three who joined OppenheimerFunds from Miller, Anderson & Sherrerd, a division of Morgan Stanley Asset Management, in March.