Scudder Kemper Investments Inc. has formed a bank loan group to buy leveraged loans for the mutual fund company's funds and investors.

Jonathan Trutter, a senior vice president, will head the group, reporting to managing director Stephen L. Akers. The group initially will buy leveraged debt, but it expects to buy investment-grade loans in the future, Scudder said in an announcement.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.