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Global bond pair exit as F&C recruits replacement team

Global bond pair exit as F&C recruits replacement team

F&C Global Macro Bond fund managers Paul Thursby and Peter Geikie-Cobb are leaving the firm in the next six months as a replacement management team is appointed.

The £350 million fund is 83rd out of 84 funds in the Global Bond sector over three years to the end of March, after falling by 7.1% over that period.

'The board of the F&C Global Macro Bond fund will be appointing a new permanent management team to the fund shortly,' a spokesperson for F&C said.

'Paul Thursby and Peter Geikie-Cobb, who will be leaving F&C to pursue individual personal interests, will continue to manage the fund for up to six months to ensure an orderly handover of responsibilities and will therefore work alongside the new management team.'

The departures follow the completion of F&C's takeover by BMO last week. 

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