The F&C Macro Global Bond Fund Board has appointed Steven Bell and Michiel de Bruin of F&C Investments to manage the fund, effective from 1 July 2014 subject to regulatory approval.
Steven and Michiel will have access to the wider, extensive fixed income, currency and macro resource within F&C Investments in this role. They will be supported by a 14-strong team covering global rates, currency, macro and money markets and bond and FX dealing.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Steven Bell, Director, Global Macro at F&C Investments, is responsible for managing Global Macro portfolios and providing macro strategy input to a broader range of multi asset investment portfolios. He has 37 years’ investment experience. Michiel de Bruin is Head of Global Rates at F&C Investments and has 28 years of fixed income investment experience.
The fund will continue to offer a simple, transparent and liquid investment strategy, providing an alternative to traditional bond funds. The objectives of the Dublin-based UCITS fund will remain the same. The fund has an absolute return focus and aims to achieve a total return primarily through investment in debt securities and instruments which may be either fixed, floating rate or index / inflation linked, issued or guaranteed by EU/OECD issuers.
Rob Thorpe, Head of Consumer, F&C Investments said: "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.
"Steven and Michiel are highly experienced in global macro rates and currency markets, including absolute return risk-focused strategies. Liquid absolute return strategies are a core competence within our 45-strong fixed income team at F&C. I am confident that the pair are well placed to maximise the opportunity for the fund’s investors going forward."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataThe appointment of Steven and Michiel as the new fund managers follows the resignation of Paul Thursby and Peter Geike-Cobb, who have managed the fund since 2003. Paul and Peter will work with Steven and Michiel in the short term to ensure an orderly transition of responsibilities.
