Greg Dube has left his position as head of global high-yield at Alliance Capital. The move was "by mutual agreement," says John Meyers, Alliance spokesman, who declined further comment. Dube took over the firm's estimated $10-11 billion in junk assets in Jan. 2001. He declined to comment. It was not known who would replace him at press time last Friday morning. The largest high-yield fund for which performance statistics were available on Morningstar.com, the $254 million Alliance High-Yield B, has lost 12.18% year-to-date, five percentage points worse than comparable funds in its category. The move comes amid other high level shifts at Alliance. Wayne Lyski, cio of fixed-income, will step down at year-end (BW, 8/5).
Alliance Capital Global Junk Chief Departs