Hailing from London, Adam Cordery has been managing a fixed income fund at Santander AM since February 2014. Prior to this, he worked at Schroders for 10 years. He kicked off his fund manager career at UBK Asset Management in 1996 and in 2000 joined Invesco Asset Management. At Invesco he was promoted to head of European High Yield and managed from launch the Invesco Extra Income Fund, Global and European High Yield products. Adam's first work experiences were as an economist; in 1989 he worked at the Civil Aviation Authority and in 1991 went on to become a senior economist at the Economist Intelligence Unit. He gained a BA in Economics from Cambridge University. Adam lists family, the theatre and reading among his interests outside of fund management.
Fund invests 100% of its assets in public and/or private fixed income (including deposits). In normal conditions the fund will invest between 80% and 100% of the total exposure in private fixed income assets, although because of market conditions this investment can be reduced, but not below 50% of total exposure. Minority investment in public issuers is not discarded. Issues will be of high credit quality and medium quality. The average portfolio duration will range from 1 to 6 years.