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Edge Asset Management announces new head of fixed income

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Edge Asset Management (Edge) has appointed Greg Tornga as the firm’s head of fixed income and a portfolio manager. Edge is an affiliate of Principal Global Investors and member company of the Principal Financial Group.

Tornga, with 15 years of experience, will lead the firm’s fixed income team. He joins Edge during a great period of growth, with assets under management (AUM) increasing 47 percent since June 2009 — to USD20.6 billion as of June 30, 2011. Tornga’s responsibilities include overseeing USD5.2 billion in core plus and investment-grade fixed income AUM.

"Greg’s addition brings years of proven performance and investment experience to a key area of focus for the firm," says Jill Cuniff, president of Edge Asset Management. "We look forward to adding his leadership to this high performing team, and we count on his expertise being a valuable asset to our clients."

Tornga says: "Edge’s strong track record, growing asset base and talented investment team offer an attractive long- term opportunity. I look forward to working with the team to continue delivering consistent returns to Edge’s clients."

Tornga comes to Edge from Payden & Rygel Investment Management in Los Angeles, where he was senior vice president — head of investment grade credit. He is a CFA charter holder and earned his MBA from the Argyros School of Business at Chapman University.

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