Bluebay bolsters investment grade debt team

BlueBay Asset Management has appointed Mark Bathgate into a newly created position as portfolio manager in its investment grade debt team.

Reporting to Mark Dowding, who is a partner and co-head of the investment grade business, Bathgate will provide investment input across all strategies.

Bathgate has experience in macro-risk related to interest rates and government policy, and prior to joining BlueBay, he was co-founder of macro hedge fund, ABD Investment Management.

He is also a former senior researcher at UBS O’Connor, Goldman Sachs and JB Were, and has been a portfolio manager at Morgan Grenfell Asset Management.

Commenting on the appointment, Dowding said the current market environment was materially impacted by geopolitical and macroeconomic events to a significant degree, and yields were at an all time low, meaning the firm needed to remain “ahead of the curve” to generate alpha.

BlueBay Asset Management manages assets of $55.3 billion (€49 billion), of which $24 billion is invested across sovereign and corporate debt in long-only and hedge fund strategies.

©2016 funds europe