UBS Fondcenter, la filiale de distribution d’UBS Asset Management a fait appel à la fintech Investment Navigator, spécialisée dans la réglementation, afin de mettre en oeuvre la distribution de ses fonds transfrontières à moindres coûts. Investment Navigator permet notamment d’identifier les barrières régionales à la distribution et les produits adaptés aux spécificités réglementaires des différents marchés. Investment Navigator a été créée en 2014.

La Banque Profil de Gestion a annoncé ce 2 octobre la finalisation de l’opération de fusion par absorption de Dynagest après que l’autorité de surveillance des marchés financiers Finma a donné son feu vert. La transaction a été inscrite ce mardi au registre du commerce genevois et la fusion prend effet rétroactivement au 1er avril dernier, précise la banque dans un communiqué. Banque Profil de Gestion rappelle que cette opération s’inscrit dans le contexte du plan triennal 2017-19 de la banque genevoise dont l’objectif est d’augmenter les actifs sous gestion. Elle permet également de renforcer, par la reprise du personnel «hautement qualifié» de Dynagest, les compétences de la banque en matière d’asset management institutionnel et de négoce de valeurs mobilières

Les problèmes s’accumulent pour la société de gestion d’Arpad « Arki » Busson, le flamboyant milliardaire gérant de hedge funds, rapporte Financial News. Sa société suisse LumX, connue sous le nom de Gottex jusqu’en 2015, a publié une perte de 4,5 millions de dollars au premier semestre de cette année, ce qui signifie que sa perte sur trois ans et demi s’élève à 37 millions de dollars. Le groupe, dont Arki Busson, qui a eu pour fiancée l’actrice Uma Thurman, est président exécutif, se bat pour garder ses actionnaires et ses investisseurs. La société de gestion britannique Artemis, qui détient 6 % de LumX, aurait aussi essayé de vendre ses parts.

Credit Suisse a annoncé ce 2 octobre la nomination de Roman Reichel au poste de responsable marketing et sponsoring pour la Suisse. Dès le début de 2019, Roman Reichelt apportera au groupe suisse toute l’expérience acquise chez le suisse Migros, où il dirigeait le marketing et la communication depuis près de trois ans, indique un communiqué.Roman Reichelt aura pour mission d’informer la clientèle sur l’offre de services et de conseil ainsi que sur les activités de sponsoring du groupe. Il sera rattaché directement à Thomas Gottstein, directeur de l’entité suisse de Credit Suisse.

Depuis le 1er octobre 2018, le fonds d’investissement BL-European Family Businesses, compartiment investissant dans des entreprises familiales européennes géré par BLI - Banque de Luxembourg Investments S.A., est désormais éligible au plan d'épargne en actions (PEA) en France. Le fonds géré par Ivan Bouillot est le troisième compartiment investi en actions européennes qui remplit les conditions d’éligibilité au PEA. Les 2 autres sont : BL-Equities Europe, également géré par Ivan Bouillot, et BL-European Smaller Companies, géré par Tom Michels. « Cette démarche nous donne la possibilité de répondre aux besoins des clients en France qui veulent profiter des avantages d’un plan d’épargne et souligne notre expérience et savoir-faire au niveau des fonds d’actions européennes », explique Patricia Kaveh, Head of Distribution auprès de BLI - Banque de Luxembourg Investments. Le compartiment BL-European Family Businesses est investi dans des entreprises familiales de premier ordre ayant une activité opérationnelle et dont une famille ou un groupement de familles détient 25% ou plus des droits de vote, explique un communiqué.

Le gestionnaire d’actifs néerlandais Robeco étoffe sa gamme de fonds factoriels avec le lancement du fonds Robeco QI European Value Equities, a appris Citywire Selector. Lancé officiellement le 25 septembre, ce nouveau produit est supervisé par une équipe de quatre personnes dirigée par Joop Huij, responsable de l’investissement factoriel actions. Ce nouveau fonds repose sur le modèle quantitatif de Robeco, qui évalue la sensibilité du marché, la volatilité, les risques « distressed » ou encore la valorisation. L’objectif à long terme du fonds est de surperformer les actions européennes avec un niveau de risque de baisse inférieur à celui de son indice.

Muzinich & Co vient d’acquérir Springrowth Sgr, une société de gestion italienne spécialisée dans la dette privée, rapporte Bluerating. Springrowth a été lancée en 2017 par une équipe de banquiers italiens expérimentés. La société fournit un modèle de prêts différencié en se concentrant sur les prêts co-originés avec les banques italiennes et regroupés dans des portefeuilles très diversifiés.

Anaxis Asset Management a dévoilé son nouveau fonds obligataire à échéance au 31 décembre 2025, Diversified Bond Opp. 2025.Ce fonds Ucits, qui sera lancé le 4 octobre 2018, est le huitième à maturité fixe lancé par Anaxis AM. Il sera investi dans des obligations d’entreprises industrielles et de services non financiers, indépendamment de la localisation géographique de l'émetteur et ayant une maturité proche de 2025.Le fonds sera géré par Thibault Destrés et Maximilien Védie. L'équipe de gestion applique une approche fondamentale, chaque émission faisant l’objet d’une analyse crédit «approfondie» avant sélection. Le rendement à échéance au lancement du fonds se situera autour de 6%.

Le groupe de gestion américano-britannique Janus Henderson Investors a annoncé ce 2 octobre la nomination de Charles Kanengieser en tant que sales manager pour la France et Monaco avec effet immédiat. Placé sous la supervision de Jon Dubarbier, directeur de la distribution externe pour la France et Monaco, Charles Kanengieser rejoint l’équipe de vente basée à Paris et sera plus particulièrement en charge de promouvoir l’offre d’investissement de Janus Henderson auprès de la clientèle wholesale. Avec près de 33 milliards d’euros d’encours sous gestion en Europe continentale, Janus Henderson Investors possède déjà une forte présence sur le marché français dans lequel la société est implantée depuis plus de 15 ans, sans toutefois en dévoiler les montants. Janus Henderson considère la France comme «un des marchés les plus dynamiques en Europe, et continue de renforcer sa présence auprès des investisseurs wholesale et des investisseurs institutionnels», souligne un communiqué. Charles Kanengieser, 32 ans, possède près de dix ans d’expérience dans l’industrie de la gestion d’actifs. Il a commencé sa carrière en 2009 au sein de Crédit Suisse, avant de rejoindre en 2010, Groupama Asset Management au poste de support commercial Europe de l’Ouest et du Nord. En 2012, il intègre Muzinich & Co, d’abord comme support Commercial et Marketing, avant d’en devenir Directeur Associé Marketing et Relations Clients en 2012. Charles est diplômé d’un Master 1 en technologie et gestion de la NEOMA Business School et d’un Master 2 Trading et Asset Management de l’INSEEC. «Nous sommes heureux de compter dans notre équipe un nouveau spécialiste des investissements fixed income en la personne de Charles. Nos gestions obligataires représentent plus de 20% de nos encours totaux dans le monde et l’expérience acquise par Charles dans son précédent poste, constitue un atout de taille pour accélérer le développement de cette expertise auprès de nos clients. Son excellente connaissance du marché francophone, associée à sa profonde compréhension des clients et de leurs priorités d’investissement, contribuera à renforcer notre développement», a commenté Charles-Henri Herrmann, directeur du développement France, Genève et Monaco, cité dans le communiqué.A fin juin 2018, les actifs sous gestion de Janus Henderson s'élevaient à environ 317 milliards d’euros.

Cholet Dupont Asset Management enrichit sa gamme avec le fonds Madeleine Mid Caps Euro qui a pour objectif d’investir dans les sociétés de capitalisations moyennes de la zone euro avec comme indice de référence l’Eurostoxx Small Net Total Return. Le processus d’investissement vise à identifier, analyser et sélectionner des modèles économiques jugés créateurs de valeur dans une optique d’investissement de long terme. La proximité avec le management des sociétés est au coeur du processus de validation du modèle économique, souligne un communiqué.Le fonds a été agréé en septembre 2017 et ses encours s'élèvent déjà à plus de 20 millions d’euros. Au 28 septembre 2018, le fonds réalise une performance positive de 6,46% sur un an à comparer à son indice de référence en baisse de 0,77%. Depuis le début de l’année, le fonds progresse de 5,21% à comparer avec une baisse de 1,69% pour son indice."Les sociétés sont sélectionnées lorsqu’elles sont jugées capables de faire progresser leur chiffre d’affaires, leur résultat opérationnel et leur génération de cash-flows par un positionnement sur des marchés en croissance et des stratégies pertinentes de développement», explique Arnaud Cayla, le gérant du fonds.

Le groupe financier finlandais S-Pankki et sa société de gestion d’actifs FIM ont lancé le premierfonds finlandais investi en obligations vertes, le 1er octobre 2018.Le fonds FIM IG Green ESG investit dans des obligations vertes émises par des sociétés réputées pour leurs capacités à investir de façon responsable. FIM utilise entre autres les analyses de l’entité MSCI ESG Research afin d’évaluer les émetteurs et leurs engagements. Les critères de MSCI imposent qu’au moins 90% du financement demandé par l’émetteur d’une obligation verte doit servir au soutien de projets favorisant le respect de l’environnement. «Les obligations vertes sont un moyen très efficace d’exploiter les marchés financiers pour soutenir des projets respectueux de l’environnement. La convivialité et la durabilité environnementale sont de plus en plus considérées comme importantes pour la compétitivité et un facteur de succès pour les entreprises. Les obligations vertes sont également reliées à un phénomène constaté ces dernières années. Les investisseurs veulent des bénéfices mais aussi des résultats mesurables. Cela se traduit par la forte hausse de la popularité de l’investissement efficace», indique le directeur de l’investissement responsable de FIM Mika Leskinen, recruté en août dernier. S-Pankki et FIM sont toutes deux membres de l’initiative Climate Actions 100+. Cette dernière vise à discuter avec une centaine d’entreprises parmi les plus polluantes de la planète afin qu’elles s’engagent pour la réduction des émissions de gaz à effet de serre et qu’elles améliorent leur gouvernance sur les sujets de la gestion des risques et opportunités liés au climat. «Le marché des obligations vertes a connu une croissance constante ces dernières années et le temps était enfin venu pour lancer notre fonds d’obligations innovant et respectueux de l’environnement. C’est le premier fonds à investir dans les prêts verts en Finlande», a déclaré Janne Nisula, gérante du fonds FIM IG Green ESG.

Finnish financial group S-Bank (S-Pankki) and its asset management arm FIM have launched the first green bond fund available in Finland on 1 October 2018. The FIM IG Green ESG fund invests in green bonds issued by companies that are renowned for their ability to invest in a sustainable way. Among others, FIM uses research from MSCI ESG Research to assess how green the issuers are. MSCI’s set of criteria require from green bond issuers that 90% of the financing will support projects contributing to a better environment. «Green bonds are a very efficient way to exploit financial markets in order to support environmental projects. Conviviality and environmental sustainability are ever more considered as important for competition and seen as a key to success."Green bonds are also linked to a phenomenon we observed in recent years. Investors not only look for yield but also for measurable results. This translates into a strong growth in the popularity of efficient investment,» said FIM’s head of Responsible Investment, Mika Leskinen, who joined the firm in August.Janne Nisula, portfolio manager on the FIM IG Green ESG fund, added: «The green bond market has faced a constant rise over the last years and time has finally come to launch our innovative and environment-friendly bond fund. It remains the first fund to invest in green bonds in Finland."S-Bank and FIM are both members of the Climate Actions 100+ initiative aiming to engage discussions with more than a hundred companies among the most polluting to take action for the reduction of their greenhouse gas issuances and the improvement of their governance regarding the management of risks and opportunities linked to climate.

Amiral Gestion on Tuesday announced that its FCP Sextant PME, which has followed the same stock-picking strategy for European SME and mid-sized businesses since 1 January 2014, has been reopened to subscriptions from 3 October 2018.The fund was closed to subscriptions in July 2017, when it reached assets under management of EUR250m. “The objective for this closure was to ensure the best management conditions for the fund, and to pursue a rigorous and effective stock-picking strategy. With assets of EUR175m today, we have capacity to invest in the European small and midcap segment,” says Raphaël Moreau, coordinating manager of the Sextant PME fund.Sextant PME as of the end of September 2018 had annual returns of 15.79% since January 2014, compared with 12.86% for its benchmark index, CAC Small NR.

Paris-based boutique Anaxis Asset Management has unveiled its eight target-maturity fund, the Diversified Bond Opp. 2025, maturing on 31 December 2025. The fund, whose launch will take place on 4 October 2018, will invest in bonds issued by manufacturers and non-financial services with no geographic constraints and maturing near 2025. The management team, composed of high yield credit portfolio managers Thibault Destrés and Maximilien Védie, will apply a fundamental approach. Yield-to-maturity at fund inception will be close to 6%.

Dubai-headquartered private investment firm Legatum has hired Christopher Parkinson as manager selection director in September, following an eight-year stint with London-based financial services firm Cardano.At Cardano, he was overseeing manager research. Prior to that, he worked as co-portfolio manager at fund of hedge funds Oakley Alternative Investment Management and as vice president of K2 Advisors.Parkinson started his career as investment manager at HSBC Global Asset Management in 2002.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }TheUS-British asset management group Janus Henderson Investors on 2October announced the appointment of Charles Kanengieser as salesmanager for France and Monaco, with immediate effect. Kanengieserwill report to Jon Dubarbier, director of external distribution forFrance and Monaco. Kanengieser joins the sales team based in Paris,and will be responsible for promoting the investment range from JanusHenderson to wholesale clients.Withnearly EUR33bn in assets under management in continental Europe,Janus Henderson Investors already has a strong presence in the Frenchmarket, where the firm has been present for over 15 years, thoughvolumes have not been disclosed. Janus Henderson considers France“one of the most dynamic markets in Europe, and continues toreinforce its presence serving wholesale investors and institutionalinvestors,” a statement says.Kanengieser,32, has nearly 10 years of experience in the asset managementindustry. He began his career in 2009 at Credit Suisse, and in 2010joined Groupama Asset Management in the position of sales andmarketing support. He then became assistant director for marketingand customer relationships in 2012. Kanengieser has a Master 1 degreein technology and management from NEOMA Business Schoool, and aMaster 2 in trading and asset management from INSEEC.“Weare happy to add a new specialist in fixed income investments to ourteam, in the person of Charles. Our bond management represents morethan 20% of our total assets worldwide, and the experience Charleshas acquired in his previous position represents a large advantage inaccelerating the development of this expertise for our clients. Hisexcellent knowledge of the French-speaking market, paired with hisprofound understanding of clients and their investment priorities,will help to strengthen our development,” says Charles-HenriHerrmann, director of development for France, Geneva and Monaco, in astatement.Asof the end of June 2018, assets under management at Janus Hendersontotalled about EUR317bn.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }Theconsulting firm Mercer and the data and research provider Morningstarhave announced that they have formed an alliance to provide investorsand investment advisres a single digital platform with data oninstitutional management, performance analysis, and qualitativeresearch. Teaming up in this way will allow for institutionalmanagement data and research from Mercer to be combined withindependent research from Morningstar and its database covering openfunds, ETFs, separately managed accounts and indices.“Investorsand their advisors do not have the resources necessary to getexhaustive research and data on their institutional strategies. Withthis partnership with Morningstar, we can provide investors and theiradvisers with an extended overview of costs and opportunities, whichwill allow them to take the best investment decisions,” says RichNuzum, global president, responsible for wealth management activitiesat Mercer.Thenew range will be deployed in major regions, beginning with theUnited States in early 2019.

Vuk Srdanovic left Kempen Capital Mangement in August, after seven years at the Netherlands-based asset management firm, a post on LinkedIn has announced. “I have decided to leave the firm and return to Copenhagen,” he explains, adding that he is seeking professional opportunities in Denmark.Srdanovic became head of the French office of Kempen when the asset management firm opened barely a year ago. He had covered the French market from Amsterdam since 2011. In January, he recruited Isabelle Foy as director of sales and distribution for France, Monaco and Switzerland.A spokesperson has told NewsManagers that Foy has replaced Srdanovic. As she is currently on leave, Loes Wingens, senior business development – wholesale distribution, is repsonsible for France in her absence.

Aviva Investors, the global asset management business of Aviva plc, announced the appointment of Susan Schmidt as Head of US Equities, expanding its geographical footprint in the asset class after nine hires to its UK, Global and Emerging Market equities teams in July. These appointments, follow the arrival in January 2018 of David Cumming as Chief Investment Officer, Equities. Susan, who has over 25 years’ experience in the investment industry, will be based in Chicago and reports to David Cumming. Prior to Aviva Investors, Susan spent three years as a senior portfolio manager covering small and mid-cap US equities for investment management company Westwood Holdings Group. While there, she was a member of internal committees that evaluated strategic positioning and helped to oversee the development and management of the corporate business plan.

Pimco has agreed to acquire Gurtin Municipal Bond Management (Gurtin), a specialist municipal bond manager. Combined, Pimco and Gurtin will manage $38 billion in dedicated municipal bond assets and offer clients a more extensive and enhanced suite of strategies and services, backed by broader muni credit research, enhanced technology and outstanding client service.Gurtin designs municipal strategies for high net worth individuals and makes those strategies available through separate accounts and mutual funds which are only accessible through investment advisors, while PIMCO’s municipal bond management focus is accessed by institutional and retail investors with strategies delivered across a broader variety of investment vehicles.To ensure continuity for Gurtin clients, the firm will maintain its San Diego and Chicago offices, and its investment team will continue managing its funds and separate accounts. Bill Gurtin, founder of the company, but also CEO and CIO, will continue to be involved in the business for several years after the acquisition to oversee existing investment operations and support the combined business. The transaction is expected to close in the fourth quarter of 2018.

Blackstone Group LP has started talking to investors about a second fund dedicated to buying stakes in alternative-asset managers, according to people familiar with the matter, said Bloomberg.The Blackstone team, led by Scott Soussa, is set to formally begin raising a new fund imminently, said the people, asking not to be identified because the information isn’t public. Paula Chirhart, a Blackstone spokeswoman, declined to comment.The New York-based firm is seeking at least $3.3 billion for its second fund, which will buy minority stakes in alternative-asset managers with a focus on private equity, real estate and infrastructure, one of the people said.

Copenhagen-based pension fund PensionDanmark has appointed David Altenhofen as senior portfolio manager at the start of October, NewsManagers has learned.Before joining PensionDanmark, Altenhofen has been four years with Danish boutique Accunia, specialised on private debt, high yield and structured credit. There he worked as a senior analyst then as a senior portfolio manager.Altenhofen also worked over six years as an economist within the Danish national bank.PensionDanmark is one of the 50 largest pension funds in Europe and currently manages €32bn in assets.

Belgian financial group Degroof Petercam has announced asset services linked to investment funds provided by Banque Degroof Petercam Luxembourg S.A. (BDPL) have been transfered to Degroof Petercam Asset Services S.A. (DPAS).According to a shareholder letter seen by NewsManagers, DPAS assumes the functions of domiciliary and administrative agent since 1 October 2018.The operation will make DPAS the group’s center regarding administrative and accounting services for investment funds.A total of 21 funds are concerned by the move, which has no effect on costs or services provided to investors of the funds.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }CholetDupont Asset Management is adding to its product range, with theMadeleine Mid Caps Euro fund, which aims to invest in euro zone smalland midcap companies, with the Eurostoxx Small Net Total Return indexas its benchmark. The investment process aims to identify, analyseand select business models which are considred to generate value froma long-term investment perspective. Proximity with the management ofcompanies is at the heart of the validaation process for businessmodels, a statement says.Thefund was licensed in September 2017, and assets now total overEUR20bn. As of 28 September 2018, the fund had positive returns of6.46% over one year, compared with a decline of 0.77% for itsbenchmark index. Since the start of the year, the fund is up 5.21%,compared with a decline of 1.69% for the benchmark.“Thecompanies are selected when they are deemed capable of increasingtheir earnings, their operating profits, and their cash flowgeneration through positioning in growing markets and relevantdevelopment strategies,” explains Arnaud Cayla, manager of thefund.

Gunther Stein has relinquished his roles of chief executive and chief investment officer of Symphony Asset Management, an affiliate of Nuveen. Stein will remain Symphony’s chairman through the end of 2018. It is understood he departs for business and family reasons. Four senior investment leaders will take upon Stein’s responsibilities, all four having worked with him for more than a decade. This includes Scott Caraher, head of Loans; James Kim, head of Research; Jenny Rhee, head of High Yield; and Himani Trivedi, head of Structured Credit. All have been named co-heads of Investments and will report to Nuveen’s CIO and head of Global Investments Jose Minaya. “After nearly two decades of working to build Symphony into a premier manager of alternative and traditional corporate credit and equity strategies, I want to take a break for myself and create the opportunity for the next set of investment leaders,” Stein commented. Established in 1994 and located in San Francisco, Symphony has approximately $20bn in assets under management spread across leveraged loans, high yield, convertible arbitrage and equities.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }Thegovernance of the Meeschaert group is developing, with theappointment of two new members to the board at FinancièreMeeschaert: Nathalie Cuvelier, as director of communications andcorporate social responsibility and Arielle Benavides, who joined thefamily business this summer as director for organisation and humanresources.Benavides is responsible for organisation, legal affairs, and human resources,and is a member of the board of directors at Financière Meeschaert.Benavides has for over 25 years been responsible for development oforganisations, and responsible for directing human resources at topinternational groups. She was responsible for human resources atGoldman Sachs in France from 1994 until 2000, and then at JPMorganChase for six years, before becoming head of human resources forEurope at Lazard until 2015. Benavides made a strong contribution tothe deployment of human resources strategies and the transformationof organisations in the financial industry. She then put herexpertise at the service of boards of directors, by founding her ownconsulting firm. Benavides has a degree from the Université Paris IXDauphine, and since 2003 has taught as part of the Master II instrategic management of human resources.Cuvelieris responsible for communications and corporate repsonsibility. Shealso oversees marketing for the private equity unit, MeeschaertCapital Partners. Cuverlier joined the family business in 2004 asdirector of group marketing. She had previously directed marketingand communications at Edmond de Rothschild Asset Management andInvesco France. Cuvelier began her career as head of marketing andcommunication at Kompass France, and previously at the BanqueSofinco. She is a graduate of Sup de Co Rouen.Assetsunder management and surveillance by the Meeschaert group totalledover EUR6bn as of the end of June 2018.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }Muzinich& Co has acquired Springrowth Sgr, an Italian asset managementfirm specialised in private debt, Bluerating reports.Springrowthwas launched in 2017 by a team of experienced Italian bankers. Thefirm provides a unique model for loans, concentrating on loans whichare co-sourced with Italian banks, and grouped into diversifiedportfolios.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }UBSFondcenter, the distribution affiliate of UBS Asset management, hasturned to the fintech Investment Navigator, specialised inregulations, to implement distribution at lower costs of its cross-borderfunds.InvestmentNavigator can identify regional barriers to distribution, andproducts which are adapted to the regulatory specifics of variousmarkets. Investment Navigator was created in 2014.

@page { size: 8.27in 11.69in; margin: 0.79in }p { margin-bottom: 0.1in; line-height: 115%; background: transparent }Theproblems are accumulating at the asset management firm of Arpad“Arki” Busson, the flamboyant billionaire hedge fund manager,Financial News reports. The Swiss firm LumX, known as Gottex until2015, has announced a loss of USD4.5m in the first half of this year,which means that its losses over three and a half years total USD37m.The group, where Busson, who was engaged to marry Uma Thurman, isexecutive chairman, is fighting to hold onto shareholders andinvestors. The British asset management firm Artemis, which controls6% of LumX, is reported to have tried to sell its shares.

HSBC Global Asset Management has strengthened its fixed income team with the appointments of two senior professionals, Oliver Boulind and Richard Balfour. Both will be based in London, reporting to Ernst Osiander, head of Global Bonds.Boulind will be responsible for developing asset allocation strategies for global fixed income funds in addition to the management of global bond and total return portfolios.Prior to joining HSBC GAM, Boulind worked at Aberdeen Asset Management where he most recently developed and implemented the asset allocation process used for the management of global aggregate and total return bond portfolios.He was also running benchmark-driven global credit strategies. Formerly Boulind held roles of credit analyst and portfolio manager at AllianceBernstein, Invesco and JPMorgan.At HSBC GAM, Balfour, joining from Barings, will oversee global and UK fixed income funds. During his previous tenure with Barings, he was an investment manager on the multi-sector fixed income team, running several global bond portfolios.Before that, he worked at Credit Suisse Asset Management where he managed money market and short duration bond funds before being appointed on the firm’s UK gilt portfolios.HSBC GAM had $463bn of assets under management as of end of June 2018.