The group said it had evolved its fixed income desks over the past 12 months and would now follow a fully integrated, team-based approach.
To reflect this Jolly and Isaac have been put at the helm of the team and will take over the £511m Schroder ISF Global Inflation Linked Bond Fund previously managed by Scammell.
Frederick Bourgoin and Bhupinder Bahra who were also managers on the fund remain employees of Schroders but will work within the fixed income team rather than lead-manage any funds.
Meanwhile Thomas Sartain and Jamie Fairest have been promoted to lead fund managers for the first time – of the £339m Schroder Gilt & Fixed Interest Fund and £990m Schroder ISF Euro Liquidity Fund, respectively.
Fresh talent
Schroders stressed that both Sartain and Fairest had been with the company for over six years and said that “while the names might be new to investors, they were not new to Schroders”.
Karl Dasher, global head of fixed income, said: “Today our approach encompasses a globally integrated team of over 100 specialist analysts and portfolio managers in London, New York and Singapore. By working together and researching ideas in local markets we believe we will be able to provide a performance advantage to our clients.”
Jolly joined Schroders in 2011 from UBS Global Asset Management as head of global macro within its fixed income team. Schroders launched a long/short fixed income strategy for him in September 2012.
Isaac is also a relative newcomer to Schroders, hired in at the end of 2011 from GLG. The firm launched a Strategic Bond Fund for Isaac in February 2012, just months after its previous fund of that strategy was shifted into the absolute return sector, under the management of Bahra and Bourgoin. The Absolute Return Bond Fund is also now managed by Jolly and Isaac.
