Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Schroders merges away + rated bond manager’s fund

Schroders merges away + rated bond manager’s fund

The £200 million Cazenove UK Corporate Bond fund managed by Citywire + rated Alex Smitten is to be merged with Alix Stewart’s £126 million Schroder Corporate Bond fund.

The combined fund will be managed by Stewart and will be called the Schroder UK Corporate Bond fund.

‘It is a very exciting time to be managing sterling corporate bond funds. Both of these funds have full flexibility to take advantage of the opportunities that are currently presenting themselves in global markets,’ said Stewart.

Schroders confirmed that Smitten would continue to manage wealth management mandates in the group’s fixed income team.

Over the past three years Schroder Corporate Bond has returned 15.6%, compared with an average of 22% from its IMA Sterling Corporate Bond sector. Through the same period Cazenove UK Corporate Bond has returned 22.1%.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Your Business: Cover Star Club

Profile: The godfather of fund-of-hedge-funds on the sector's future

Profile: The godfather of fund-of-hedge-funds on the sector's future

When Dixon Boardman started 26 years ago ‘there were 600 hedge funds and only 100 had $100 million – it was not even a cottage industry,’

Wealth Manager on Twitter