Baillie Gifford appoints co-manager on Multi Asset Income fund

Replaces retiring Smith

Baillie Gifford has named investment grade credit head Gregory Turnbull Schwartz co-manager on its Multi Asset Income fund, replacing Gerald Smith, who retires in April after 32 years with the firm.

Turnbull Schwartz will join the firm's rates and currencies head  Steven Hay and James Dow (pictured), co-head of global income growth on the fund, which launched in August 2018. He has been closely involved with the fund since its launch last year, managing its investment grade credit assets. He will now have greater responsibility for decision making and overall portfolio construction on the vehicle. Turnbull Schwartz joined Baillie Gifford in 2016 from Kames Capital, where he spent ten years in a number of roles across the investment grade market. James Budden, director of retai...