Threadneedle's Fitzsimmons to exit firm

Threadneedle's Quentin Fitzsimmons is set to leave the group to take a break from the industry.

He will exit in July after nine years at Threadneedle. Fitzsimmons was executive director and head of government bonds and foreign exchange at the group, and also a member of the asset allocation committee. He was sole manager of the £182m Threadneedle Defensive, £288m Defensive Equity & Bond, and Target Return Core funds. He was also co-manager on the £480m Absolute Return Bond, with Matthew Cobon, and the Target Return funds. Cobon will assume responsibility for the Absolute Return Bond and Target Return funds. Other members of the team including Richard Stevens, Dave Chappell, M...