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Old Mutual to launch macro fund for Cowley in team reshuffle
by Danielle Levy on Oct 03, 2013 at 12:15
Stewart Cowley is stepping back from the day-to-day management of the Old Mutual fixed income team in a reshuffle that will see the firm launch a new macro fund.
Christine Johnson has been promoted to head of fixed income, while Cowley will become an investment director with responsibility for fixed income and macro - which represents a newly created position.The team runs some £2.2 billion in assets. Linked to the development, Old Mutual is planning to launch a macro fund which will be managed by Cowley, supported by Hinesh Patel.
The firm said Cowley's new role would allow him to focus 100% of his time on managing institutional accounts alongside the £927 million Old Mutual Global Strategic Bond fund , $42 million Old Mutual Global Bond fund and £102 million Old Mutual Managed fund.
Since joining the company in September 2010 to work alongside Stewart, Christine Johnson has built a successful portfolio of fixed income investment strategies and has also become more actively involved in the day-to-day management of the team.
The firm has also boosted the team with the double hire of Deepa Abraham, who joins as a senior credit analyst to work alongside Bastian Wagner, alongside Simon Prior who is also set to join as a credit analyst.
Julian Ide, CEO of Old Mutual Global Investors, said: 'Our fixed Income team is recognised as being a leading player in the UK market. We now want to harness this resource in order ensure that we are well positioned to produce investment strategies that meet the needs of our global client base. By focusing the leadership of Stewart and Christine, as well as increasing the resource with the appointment of Deepa and Simon, I believe that we are well positioned to grow our fixed income assets under management.'
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On the road
by Danielle Levy on Dec 04, 2013 at 11:37