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F&C Appoints Two New Heads For Its Macro Global Bond Fund

Mark Shapland

12 June 2014

Asset manager 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.