Co-manager of the Ninety One multi-asset credit strategy Tim Schwarz has left the firm.
The Luxembourg-domiciled $1.8bn (£1.4bn) fund will continue to be managed by head of alternative credit Jeff Boswell (pictured), who has run the strategy since launch in 2015, alongside co-portfolio manager Darpan Harar.
Schwarz joined the firm in 2015 from Chimney Rock, an event-driven credit hedge fund, where as director of research he was responsible for investment research and portfolio management.
See also: Dan Hanbury made portfolio manager at Ninety One
Prior to that, he was a senior analyst at hedge fund Trilogy Capital Management. Earlier in his career, Schwarz was vice president at JP Morgan.
It is not currently known what his next career move will be.
A spokesperson for Ninety One told Portfolio Adviser: “With a well-resourced and experienced team that has been managing the fund since inception, we are confident that there will no disruption to the management of the strategy. “
According to FE Fundinfo, the Ninety One Multi-Asset Credit Hedged fund has returned 6.8% over the last year.
See also: Ninety One company results: Pre-tax profit falls 20% amid ‘challenging’ year
