The £84m Sanlam Strategic Bond fund is to transfer from the company's wealth arm to its asset management boutique Sanlam Four.
Manager Craig Veysey, current head of fixed income at Sanlam Private Wealth, will move over to the asset management arm as part of the shift.
The move presents Sanlam Four with an opportunity to build out a fixed income business. The £4.3bn fund house currently offers six strategies: five equity-based funds and one absolute return.
Alfio Tagliabue, chief executive of Sanlam Four, said of the move: "Sanlam Four is renowned for its differentiated active funds and experienced investment teams, each with autonomy to perform within a disciplined framework. I am very happy to welcome Craig to the team."
The fund, launched in 2012, is top quartile over three years, returning 25 per cent compared with 13 per cent from the IA Strategic Bond sector, according to FE Analytics.
