Schroders hires two for multi-asset team

Schroders has hired two senior analysts to its multi-asset investment and portfolio solutions team, after recently losing its diversified growth fund manager Michael Spinks to Investec Asset Management.

Schroders’ recruitment comes as asset managers battle for the most talented individuals for their teams running multi-asset, which was widely expected to be the most popular investment strategy this year.

Barings Asset Management recently hired Christopher Mahon from Momentum Asset Management, replacing Toby Nangle who moved to Threadneedle to head up its multi-asset division in January.

Schroders has lost Spinks, who has migrated to Investec’s multi-asset group as head of the UK multi-asset capability.

But Schroders has boosted its team by two.

Jingjing Cui joins from JP Morgan Asset Management, leaving her position as vice president and senior quantitative research analyst. At JP Morgan she was responsible for quantitative modelling of fixed income and currency portfolios.

The second hire, Matthew Joyce (pictured), joins from Occam Asset Management, where he held the position of equity analyst. He was also an analyst on the Paragon global opportunities hedge fund desk, at Polar Capital.

At Schroders, he will be an analyst in the multi-asset team, where he will cover all asset classes, with a particular focus on volatility.

Nico Marais, global head of multi-asset, said Schroders continues to experience growth in its multi-asset and portfolio solutions departments.

Multi-strategy funds took in €5.3bn of net new business in Europe last year, according to Lipper FMI FundFile. This made them the most popular individual strategy. Only the catch-all ‘other’ grouping took in more, and only three discrete strategies took in net new money overall.

Marais’ team at Schroders already runs $50bn in a wide range of multi-asset pooled products, plus a variety of mandates for institutional clients.

It focuses on a number of fundamental and some strategy-based premia.
Such thinking underpins Schroders’ ISF Global Multi-Asset Income fund, launched back in April.

Marais said the team is “looking at what really drives the returns of asset classes and whether these drivers are attractively priced”.


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