Kames CapitalAug 10 2017

Kames' Milburn and Roberts depart

Search sponsored by
Kames' Milburn and Roberts depart
ByTaha Lokhandwala

Kames fixed income heads David Roberts and Phil Milburn have left the firm after more than a decade at the Aegon-owned outfit.

The departures leave a significant hole in the Kames fixed income team, the duo acting as co-managers on six vehicles as well as leading the wider bond team.

Kames said Stephen Snowden and Adrian Hull will become co-heads of fixed income.

Mr Roberts co-managed the Kames Sterling Corporate Bond and Strategic Bond funds, and equivalent offshore strategies.

Mr Milburn managed the Kames High Yield bond, and also worked on the £380m Strategic Bond fund and offshore funds.

Alex Pelteshki, who joined Kames in 2014, will now become co-manager on the Strategic Bond fund alongside Juan Valenzuela. The fund has struggled in recent times, sitting fourth quartile over three and five years.

As part of Kames' offshore line-up, Mr Milburn will be replaced on the High Yield Global bond fund by Jack Holmes.

Chief executive Martin Davis said: "I would like to thank both David Roberts and Phil Milburn for their contribution...[and] congratulate Stephen and Adrian on their new roles."

"We are well placed to continue to grow our business and maintain our impressive record in managing fixed income investments for clients."