Former New Star fixed-interest manager Nick Hayes is to join Axa Investment Managers next week and will manage the Axa sterling strategic bond fund.
Based in London, Hayes will take over the running of the £54m fund from Julie Lamirel and will report to chief investment officer of Axa fixed income Chris Iggo.
Lamirel will continue to run the Axa sterling bond fund and work alongside global head of fixed income Theo Zemek in running the £202m sterling corporate bond fund.
Hayes joined New Star in 2002 and worked with Zemek from 2003-07. When Zemek left New Star in 2007, Hayes became co-manager of New Star’s flagship bond fund, New Star fixed interest, with James Gledhill.
Hayes also ran New Star global income and was back-up manager on Phil Roantree’s sterling bond fund. In 2005 he launched New Star European high yield, an offshore strategic bond fund.
This was closed in January 2009 before New Star’s merger with Henderson Global Investors in April, after which Gledhill took full responsibility for the renamed Henderson fixed-interest fund and Hayes left the group in December.