bell and de bruin take on FandC macro global bond

F&C Asset Management has appointed Steven Bell and Michiel de Bruin to manage the £346.90m Macro Global Bond Fund.

bell and de bruin take on FandC macro global bond

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The new appointments follow the resignation of Paul Thursby and Peter Geike-Cobb in May, who managed the fund since 2003. 
 
Bell, who is director of global macro, is responsible for managing the global macro portfolios and providing macro strategy input to a broader range of multi-asset portoflios. 
 
De Bruin is head of global rates, having gathered 28 years of experience in the fixed income space. 
 
The two managers will be supported by a 14 strong team covering global rates, currency, macro and money markets and bond and FX dealing.
 
According to F&C, the objectives of the Dublin-based UCITS fund will remain the same. The fund has an absolute return focus and aims to achieve a total return primarily through investment in debt securities and instruments.
 
“This is a pivotal time for fixed income markets. The unwinding of central bank measures, including quantitative easing and record low interest rates, will provide exciting opportunities for active management within the asset class,” Rob Thorpe, head of consumer said.
 
Over a one year period, the fund has seen a cumulative performance of 0.2% compared to the Fixed Interest Global inedex which saw a -2.6% performance in the same period, according to FE Analytics.