London headquartered asset manager Schroders has appointed Alex Tedder head of global equities.

London-headquartered asset manager Schroders has appointed Alex Tedder head of global equities.

He officially starts in June, joining from American Century Investments where he was senior vice president and co-head of global and non-US large cap strategies - managing a 15 strong team and $21 billion of assets.

Tedder will takeover from current equities head Peter Harrison and be responsible for business management and strategic planning. He will also lead the team and drive the development of the team’s franchise.

Simon Webber, lead portfolio manager global equities, retains his investment focus, working to ensure that client portfolios benefit from the team’s research capabilities and high-conviction idea generation.

There will be no change to the team’s investment style or the main elements of the investment process, the firm added.

“Alex  is a strong investor with 20 years’ experience and is an excellent cultural fit with our existing global equities team, consisting of eight global sector specialists and two portfolio managers,” said Peter Harrison, global head of equities.

Tedder is seen as the official replacement for former equities head Virginie Maisonneuve who left Schroders to join US fund giant Pimco at the end of last year.

In February this year Schroders launched a new fund, the Schroder ISF1 QEP Global Value Plus.

The long/short global equity fund is managed by the Schroders QEP investment team and is part of its QEP Global Value Extension strategy.

The strategy can invest up to 150 per cent long value stocks and up to 50 per cent short low quality stocks, in addition to targeting +5 per cent in comparison to its benchmark. With existing clients transferring to the new fund, the Schroder ISF QEP Global Value Plus opened with over $500 million of assets under management.