Calvert Announces Promotions in Fixed Income Investment Department.Business Editors BETHESDA, Md.--(BUSINESS WIRE)--Nov. 6, 2003 Calvert Group, Ltd., one of the largest financial services companies in the Washington D.C. area, today announced promotions of three fixed income investment professionals. Gregory G. Habeeb has been promoted to Senior Vice President and Head of Calvert's Taxable Bond Taxable Bond A debt security whose return to the investor is subject to taxes at the local, state or federal level, or some combination thereof. Notes: The majority of bonds issued are taxable bonds. Division. His previous title was Vice President and Senior Portfolio Manager for Calvert Asset Management Company, the investment advisor Investment Advisor 1. A person making investment recommendations in return for a flat fee or percentage of assets managed, known as a commission. 2. For mutual fund companies, it is the individual who has the day-to-day responsibility of investing and monitoring the cash and and subsidiary of Calvert Group, Ltd. He is responsible for the implementation and overall strategy of more than $2.9 billion in taxable fixed income portfolios and serves as the senior portfolio manager to the Calvert Income, Short Duration Income, Social Bond, CVS (1) (Concurrent Versions System) A version control system for Unix that was initially developed as a series of shell scripts in the mid-1980s. CVS maintains the changes between one source code version and another and stores all the changes in one file. Income Funds; and the fixed income portions of the Social Balanced and CVS Balanced Funds. He has been with Calvert since 1997. Daniel K. Hayes has been promoted to Senior Vice President and Head of Calvert's Credit Research Division. Mr. Hayes' previous title was Vice President and Head of Research and Trading. He is responsible for the credit research activities of Calvert's fixed income portfolios totaling approximately $7 billion. He has been with Calvert since 1982. Thomas A. Dailey has been promoted to Vice President and Head of Calvert's Municipal, Tax-Exempt, and Money Market Division. His previous title was Senior Portfolio Manager and Head of Short-Term Fixed Income Investments. Mr. Dailey is responsible for management of over $4 billion in tax-free fixed income and tax-free and taxable money fund assets Fund assets The total value of a portfolio's securities, cash, and other holdings, minus any outstanding debts. and serves as the Senior Portfolio Manager to all the portfolios in the Calvert Tax Free Reserves Free reserves Excess reserves minus member bank borrowings at the Fed. series, Calvert National Municipal Intermediate and California Municipal Intermediate Funds. Mr. Dailey has been with Calvert since 1989. "The promotions within our investment management team recognize the significant contributions made by these individuals in making Calvert a premier fixed income asset manager," said Barbara J. Krumsiek, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Calvert. Earlier this month, Calvert hired Steve Falci as Senior Vice President and Chief Investment Officer of Equities. Mr. Falci is responsible for evaluating and monitoring the firm's line up of socially-screened equity products and identifying products to expand the equity funds line-up. In addition, he is charged with the responsibility for equity funds performance, analysis, and oversight of Calvert's sub-advisors. About Calvert Calvert is one of the largest financial services complexes in the Washington D.C. area with approximately $9.0 billion in assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . Best known for its family of socially responsible mutual funds, Calvert offers twenty-eight portfolios that allow individual and institutional investors to pursue a broad range of investment objectives within a single fund family. Calvert launched the Calvert Social Index The Calvert Social Index is a stock market index created by the Calvert Group as a benchmark of large companies that are considered socially responsible or ethical. It currently consists of 468 companies, weighted by market capitalization, selected from approximately 1,000 of the (TM), a benchmark for measuring the performance of large, U.S.-based socially responsible companies. Calvert also has an extensive lineup of tax-free and taxable fixed income investments. For more information, visit Calvert's Web site at http://www.calvertgroup.com. Calvert mutual funds are underwritten and distributed by Calvert Distributors Inc., member NASD NASD See: National Association of Securities Dealers NASD See National Association of Securities Dealers (NASD). , a subsidiary of Calvert Group. (11/03,4610) |
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