Schroders is losing two fund managers who are setting up their own boutique. Janus Henderson has created two senior international distribution roles, while Principal Global Investors is focusing on UK fund distribution with its latest hire.
Global markets are definitely at a cross roads at present, said Veronika Pechlaner, senior investment manager at Ashburton Investments.
Senior level changes were the name of the game this week with Ashburton Investments announcing a new chief investment officer and two promotions; with Calamos Investments and Munich Re also making big changes at the top.
Ashburton Investments is set to launch a new Sterling share class for its US dollar-based India Equity Opportunities Fund.
OMGI and Deutsche Bank have announced promotions, while Ashburton Investments and Elian have made senior appointments. After departing The Investment Association, former chief executive Daniel Godfrey has joined the advisory board of a fintech startup.
Several senior appointments were announced this week, with Schroders creating a new role, Artemis appointing a new chief investment officer, and State Street Global Advisors naming a new fund head in the Netherlands.
South African investment firm Ashburton Investments will acquire 100% of Atlantic Asset Management, a boutique fixed income asset manager based in Cape Town, for an undisclosed sum.
Emerging markets have been disliked for many good reasons for the past few years and while they may still hold the greater equity risk, Ashburton’s head of asset allocation Tristan Hanson suggest this is where bargain hunters should focus their attention.
Peter Bourne, managing director of the Jersey-based international arm of Ashburton Investments, says the boutique fund manager is not constrained by geography as it continues to widen its distribution.
Luxembourg-domiciled fund manager VAM Funds has entered the South African market, launching 11 funds in the region.
South Africa based FirstRand Group is launching a new international investment arm, using the established name of its Jersey subsidiary Ashburton.
