InvestmentsJun 10 2013

Barings replaces Lampl after poor results

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Head of global emerging market equities Roberto Lampl replaced in bid to improve performance in the firm’s fund range, Investment Adviser can reveal.

The group has hired Staffan Lindfeldt from Handelsbanken Asset Management in Stockholm, where he was chief portfolio manager for global emerging markets, to replace Mr Lampl, who has left the company.

Mr Lindfeldt, who joins the group today, will lead the global emerging market equities team. He will be lead manager on several of the group’s global emerging market portfolios.

The emerging market equities team has also poached Isabelle Alexander from Pictet Asset Management as investment manager. She will work alongside William Palmer on other global emerging market funds.

Under Mr Lampl’s tenure, the group’s Global Emerging Markets fund lost 10.7 per cent from March 2011 to June 6 this year, compared with a 1.2 per cent loss by the benchmark MSCI Emerging Markets index and a 0.6 per cent gain by the IMA Global Emerging Markets sector, according to FE Analytics.

The fund was the group’s flagship retail emerging markets product at $2.3bn (£1.5bn) in 2011, but has fallen in size to $630m, the data provider added.

Mr Lampl joined Barings in 2010 as head of Latin American equities and became head of emerging markets in February 2011 after James Syme and Paul Wimborne left for JO Hambro Capital Management.