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Fidelity hires Schroders bond manager

Fidelity Investments – the US-based asset managert – has announced it has hired former Schroders bond fund manager Michael Foggin for its London-based fixed income division.

Foggin joins as portfolio manager for international and global bond strategies and will report to Fidelity’s UK fixed income chief investment officer, Mark Flaherty.

Foggin will manage money for institutional clients and US mutual fund investors.

Flaherty says: “As global bond markets continue to evolve and become more complex, Fidelity remains committed to investing in its investment management capabilities.

“With these appointments, and those in 2011, we have almost tripled the size of our London-based fixed income team over the past 18 months, adding to the depth and capabilities of our talented investment team.”

At Schroders, Foggin was responsible for the management of credit long/short and credit total return strategies.

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