Dr Peter Reinmuth, manager of the Schroder ISF Global Convertible Bond and Asian Convertible Bond, Dr Martin Kuehle, product specialist for the two funds and Urs Reiter, senior convertibles trader, have all transferred to the company enabling Schroders to bring the management of its convertible bond funds in-house.
They report to Philippe Lespinard, Schroders’ CIO of fixed income, and are supported by Schroders’ 32 credit analysts.
Announcing the move, Schroders said that Damien Vermonet had also been named as a convertible bond manager. He joins from Acropole AM where he served as a portfolio manager of global convertible long-only strategies with a particular focus on US convertibles. Previously, he had a spell at Fortis Investments where he managed global and European convertible bonds.
Commenting on the hires, Lespinard, said: “Schroders has invested heavily in its fixed income business in recent years to deliver robust investment performance. Convertible bonds are an attractive asset class for our clients worldwide, in addition to the firm’s existing credit and equity capabilities. We are delighted to welcome Peter, Martin, Urs and Damien and look forward to further developing our convertibles business from Zurich.”
