Threadneedle restructures bond team as House exits

Threadneedle is reorganising its fixed income department with the creation of a global macroeconomic strategy group as EMD head Richard House departs the group.

The asset manager said the realignment is consistent with its view traditional fixed income boundaries are becoming "increasingly less relevant". It added the creation of the working group will better integrate macroeconomic strategies across its bond portfolios. The strategy group will feature existing members of Threadneedle's government bond and EMD debt teams, who will form emerging market and developed market strategy teams. "This new approach acknowledges the seismic shift in fixed income markets that has been experienced post the credit crunch, and recognises markets are contin...