Schroders has strengthened its emerging market relative return team with the appointment of four managers from California-based firm ICE Canyon.
James Barrineau joins the firm’s New York office as head of Latin American fixed income and co-head of EMD relative, reporting to Schroders global head of fixed income Karl Dasher. He will work alongside head of Asian fixed income Rajeev de Mello.
Reporting to Barrineau, Fernando Grisales has been recruited as a senior portfolio manager and Alec Moseley as senior portfolio manager and sovereign research analyst. Chris Tackney will join next month as senior portfolio manager for emerging market corporate bonds and will report to US fixed-income head Wes Sparks.
The new members will work with the London, Asian and Latin American-based emerging market debt team in further developing and managing Schroders’ emerging market debt relative return strategies.
The team runs about £4.5bn in emerging market debt, managed on an absolute return basis, as of December 31, 2011.
Hargreaves Lansdown investment manager Ben Yearsley says: “We are invested in the £3.7bn Schroder emerging market debt absolute return fund but it has been lacklustre for the past year.
“The new members will strengthen Schroders’ capability, where added resources are important when covering such a wide geographical area.”