Schroders adds five to global multi-sector team


Schroders has added five people to its fixed income global multi-sector team, in both London and New York.

The asset manager has hired Paul Grainger as senior portfolio manager, coming from Wellington Management. He will join the London office, having spent 18 years in the industry, previously being associate partner and fixed income portfolio manager at Wellington.

Schroders has also added Mads Nielsen from GLG Partners. He previously worked on macro and total return quantitative strategies at GLG, and will now be a quantitative strategist at Schroders.

Schroders has also added a three-person team to the New York office. David Gottlieb, Vincent Messina and Whitney Tindale come from Third Wave Asset Management, a firm they founded last year. The trio will run a specalist strategy within the global multi-sector team, looking at relative value opportunities.

All the new hires will report to head of global macro Bob Jolly. The fixed income global multi-sector team run the UK, Euro and Global Aggregate, Global Sovereign, Absolute Return and Unconstrained strategies.

“Expanding the depth of talent within Schroders’ Global Macro team is about diversifying our sources of alpha. Hiring people with different skills and approaches is a way of increasing the consistency of returns for our clients,” says Jolly.

The firm says it will continue to add to the team following a large rise in assets at the fixed income team, from £27.5bn in 2009 to £77bn at the end of May.