Russell strengthens fixed income team
Russell Investments has made two appointments to its global fixed income team in London.
Adam Smears joins from Old Mutual Global Investors (formerly Skandia Investment Group) as head of fixed income research. Kevin Dockrell joins from Towers Watson as fixed income research analyst.
Both will be based in London and Smears will head up a nine-strong team, including Dockrell, based across London, New York, Toronto, Seattle and Sydney.
Smears has 15 years of research and portfolio management experience and has spent the last eight at Old Mutual Global Investors, most recently as head of investment research.
Dockrell’s four years at Towers Watson saw him in fixed income research and investment consultant roles covering Sterling and European fixed income, EMD, global credit and multi-strategy alternative credit.
Over the past year, assets under management in Russell’s fixed income products has risen by 15% and 16 new products have been launched across different regions to meet a world-wide growth in demand.
Jeff Hussey, chief investment officer for fixed income, said: “We continue to see growing demand for our fixed income products as investors around the world look to weave in strategies as part of their multi asset portfolio design. To best support this demand, it is increasingly important that our team structure takes a truly international approach – and we have fixed income researchers and portfolio managers throughout North America, Europe and Asia Pacific.”
Russell Investments, based in Seattle, USA, has $159 billion in assets under management (as of 30/09/2012) and has $2.4trn in assets under advisement (as of 12/31/11).