Fixed Income  

Kames adds ex-Alliance Trust manager to Strat Bond fund

Kames adds ex-Alliance Trust manager to Strat Bond fund

Kames Capital has appointed an additional co-manager to run its £665m Strategic Bond fund.

Juan Valenzuela, who joined the asset manager in October from Alliance Trust Investments, will become co-manager on the vehicle alongside David Roberts and Phil Milburn.

Mr Valenzuela had worked as an investment manager on the £14m Alliance Trust Dynamic Bond fund and served as an investment director on the Swip Absolute Return Bond fund prior to that.

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He will also become support manager on the Dublin-domiciled Kames Strategic Global Bond fund, with Colin Finlayson promoted to co-manager alongside Mr Roberts and Mr Milburn.

Mr Finlayson is already co-manager on the Kames Absolute Return Bond fund and has been with the company since 2000.

According to FE Analytics, the onshore Strategic Bond fund has returned 5.4 per cent over three years but shed 1.5 per cent over a year.