2 Jul 2010
BlueBay Asset Management has hired Mark Dowding to lead the development of a European government bond business at the firm. Dowding comes to BlueBay from Deutsche Asset Management, where he was European Head of Institutional Fixed Income; and was previously at Invesco, where he worked closely with Raphael Robelin – now BlueBay's Head of Investment Grade Credit.
Robelin and Dowding, who joins as a Senior Portfolio Manager, will co-head the European Investment Grade team at BlueBay with a focus on corporate and government bonds respectively. Bluebay said hiring Dowding is an important strategic development.
Recent macro developments have introduced for the first time a significant credit element into the management of developed market government bonds; a feature that looks set to stay. Consequently, investors will need to ensure that those managing government bond portfolios on their behalves possess not only rates expertise, but also high quality credit skills.
Leveraging the expertise of its existing investment grade corporate credit team, together with the sovereign credit capabilities of its emerging markets fixed income team, BlueBay believes that it will be strongly positioned to provide investors with high performance, new generation products within this important and redefined asset class.
Dowding is to commence duties at BlueBay in early September. Bluebay is planning to launch funds in both the European government bond and European aggregate space. The aggregate fund will combine both sovereign and corporate credit.
The new products will complement BlueBay's substantial, institutional fixed income fund management platform. Based in London with offices in the US and Japan, BlueBay is one of the largest independent managers of fixed income debt funds and products in Europe with $37 billion of assets under management. It manages a combination of long-only and alternative products across the sub-asset classes of investment grade corporate debt, high yield corporate debt, emerging market debt, convertible bonds, distressed debt and multi-strategy debt products.
Robelin and Dowding, who joins as a Senior Portfolio Manager, will co-head the European Investment Grade team at BlueBay with a focus on corporate and government bonds respectively. Bluebay said hiring Dowding is an important strategic development.
"BlueBay is launching a European government bond business to capitalise on the significant opportunity that the firm sees in offering investors new generation government bond and rates products,” said Hugh Wills, the firm’s chief executive. “Mark Dowding's expertise will complement and leverage that of existing BlueBay teams in ensuring the firm is well placed to access the opportunity on behalf of its investor base."
Recent macro developments have introduced for the first time a significant credit element into the management of developed market government bonds; a feature that looks set to stay. Consequently, investors will need to ensure that those managing government bond portfolios on their behalves possess not only rates expertise, but also high quality credit skills.
Leveraging the expertise of its existing investment grade corporate credit team, together with the sovereign credit capabilities of its emerging markets fixed income team, BlueBay believes that it will be strongly positioned to provide investors with high performance, new generation products within this important and redefined asset class.
Dowding is to commence duties at BlueBay in early September. Bluebay is planning to launch funds in both the European government bond and European aggregate space. The aggregate fund will combine both sovereign and corporate credit.
The new products will complement BlueBay's substantial, institutional fixed income fund management platform. Based in London with offices in the US and Japan, BlueBay is one of the largest independent managers of fixed income debt funds and products in Europe with $37 billion of assets under management. It manages a combination of long-only and alternative products across the sub-asset classes of investment grade corporate debt, high yield corporate debt, emerging market debt, convertible bonds, distressed debt and multi-strategy debt products.
