Amundi appoints senior global equity manager
Amundi is expanding its active global equity team with the appointment of Jason Josefs as senior portfolio manager.
He will co-manage the company’s flagship active global equity thematic fund and report to Paul-Georges Moucan, head of global equities in London.
Josefs’ appointment increases Amundi’s active global equity team in London to five investment professionals.
Josefs joins Amundi from Aviva Investors where he was initially head of research then fund manager of Aviva’s global equity and balanced managed funds.
BlackRock makes investment trust moves
Investment manager BlackRock has appointed Simon White as head of investment trusts.
He will be responsible for business management and development of the company’s investment trusts and the company secretariat in the UK.
White reports to Jonathan Ruck Keene, who becomes BlackRock’s head of closed-end funds for EMEA.
He will share board responsibilities with White. Ruck Keene will take responsibility for BlackRock’s push into European markets and ensure the company’s readiness for the EU’s AIFM directive.
White joins from RCM, part of Allianz Global Investors where he played a similar role with responsibility for the business management and development of Allianz’s range of closed-end funds.
Silvia Graemiger Theler
New country head for F&C in Switzerland and Austria
Asset management group F&C Investments has appointed Silvia Graemiger Theler (pictured) to lead its institutional distribution in Switzerland and Austria.
Theler joins from Falcon Private Bank where she was client director for Swiss institutional clients.
She has more than two decades’ experience in the investment industry, having started her career at UBS, where she worked executing structured finance transactions, mainly in leveraged finance.
She has also worked as a client director for Partners Group, Clariden Leu and Julius Baer.
Schroders launches Brazilian equity fund
Schroders has launched a concentrated Brazilian equity fund that seeks to benefit from the country’s high growth economy.
The Schroder ISF Brazilian equity fund, managed by Schroders’ head of Brazilian equities Carlos Scretas, will invest in 20 to 40 companies, with a portfolio benchmarked against the MSCI Brazil 10/40 Index.
Richard Mountford, Schroders’ global head of intermediary business (pictured), said investors are increasingly looking to Brazilian equities as an asset class in their own right, rather than as part of an investment in emerging markets as a whole.
Scretas said: “As the country has developed over the past few years, companies exposed to domestic demand from Brazil’s growing middle class offer good opportunities in sectors such as real estate, discretionary products and financial services. In addition, the country remains one of the world’s largest producers of commodities from aluminium to coffee to soybeans.”
Schroders said its 16-strong Brazilian investment team manages over $1.8bn in existing Brazilian equity portfolios.