First State Investments has launched an absolute return bond fund for recent hire Kieron Nutbrown.
The First State Global Interest Rates and Currency fund will invest in global bond and currency markets, focused on generating absolute returns.
The asset manager said the fund was an “integral part of First State’s broader strategic growth plan for its global fixed income offering”.
Mr Nutbrown was hired from Aberdeen in January to be First State’s head of global macro fixed income.
Mr Nutbrown was head of global macro at Aberdeen until July 2012, when he left as part of an overhaul of the firm’s fixed income team.
