Alliance poaches SWIP bond manager to head new fund

Alliance Trust Investments has poached SWIP bond manager Juan Valenzuela to head up a new fixed income fund.

The group is planning to launch a target return bond fund for Valenzuela, focusing on both income and capital gains, which invests across a broad range of global fixed income asset classes. Valenzuela, who has worked at SWIP for six years, is joining the group in May as a fixed income portfolio manager.  During his time at SWIP he was co-manager of the £79m SWIP Absolute Return Bond fund alongside James Carver, who joined from Aberdeen last October. Under Valenzuela’s stewardship the fund has returned 12.9% over the past three years, lagging the 15% return from the average fund in ...