People Moves
F&C Appoints Two New Heads For Its Macro Global Bond Fund
Asset manager F&C has put in place new management for its Macro Global Bond fund.
Asset manager F&C
has put in place new management for its Macro Global Bond
fund.
Steven Bell and Michiel de Bruin will take over at the start of
next month from Paul Thursby and Peter Geikie-Cobb, who in May
revealed they are leaving the company.
The two new managers are under pressure to deliver given the poor
performance of the fund in recent years. The fund is now just
£347 million ($583 million) in size - down from the £1.6 billion
in February 2012.
De Bruin is head of global rates while Bell runs a portion of the
group’s Diversified Growth fund.
“This is a pivotal time for fixed income markets. The unwinding
of central bank measures, including quantitative easing and
record low interest rates, will provide exciting opportunities
for active management within the asset class,” said Rob Thorpe,
head of consumer at F&C Investments.
