ING IM hires Avoca convertible bond team
ING Investment Management has confirmed the hire off Tarek Saber and Jasper van Ingen from Avoca Convertible Bond Partners LLP to add convertible bond investment capabilities.
Having joined in November, Saber and Jasper respectively fulfill the roles of investment team manager Convertible Bonds and senior portfolio manager Convertible Bonds, based in London.
The two previously managed the Avoca Convertible Select Global Fund, which launched in April 2012.
Hans Stoter, CIO ING IM, said that the hire comes in the wake of investor demand for strategies that can offer yield with lower volatility risk.
“Convertible bonds fit very well within this environment and provide an excellent complementary strategy to our product suite,” Stoter said.
Saber has some 27 years of experience in convertible bond markets, including stints as global head of convertible bonds at HSBC Investment Bank, and head of European convertible bonds at Schroder Securities.
Van Ingen has some 10 years of experience with the asset class.