Loomis Sayles Sold Venezuela Heavy-Oil Bonds as Chavez Takes Over Ventures

(Bloomberg) -- Loomis Sayles & Co., whose Loomis Sayles Bond Fund is the best-performing in its class over the past decade, sold in the past two months the debt it held in Venezuelan heavy-oil projects, Vice Chairman Dan Fuss said.

Loomis Sayles held notes with a total face value of about $88 million as of Feb. 28, according to securities filings, Bloomberg data show. Loomis Sayles finished selling the notes two weeks ago, Fuss said.


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