Nedgroup hires fixed income pair for boutique launch

Nedgroup, hire, fixed income, launch, South Africa, asset manager, David Roberts, Alex Ralph, investment platformSouth African asset manager Nedgroup Investments has hired fixed income veteran duo David Roberts and Alex Ralph as it prepares to launch a multi-boutique investment platform.

Roberts was formerly head of fixed income at Liontrust Asset Management before retiring in August 2022. Ralph, meanwhile, was previously a senior fund manager at Artemis Investment Management before leaving in 2021.

The two new hires will run an active global bond fund as the first launch of a series of in-house managed active strategies for the $20 billion firm.

Nedgroup’s boutique advantage philosophy maintains that the best-performing investment funds are run by managers that are autonomous, focused and have a concentrated alignment of interests with the unit-holders of their fund.

Tom Caddick, managing director of Nedgroup Investments (International), said: “It is harder for boutiques to set up now because of the onerous regulatory requirements and the difficulty of raising sufficient capital.

“We want to facilitate start-up boutiques to better serve the needs of our clients and provide a wider range of investment opportunity.”

Roberts added: “I have returned to active investing because market conditions are too compelling to ignore. I have always had conviction to invest when risk and reward are in the client’s favour.

“After a couple of years when return expectations were negative, we are back in an environment where fixed income is once again a diversifier, a very attractive alternative to equities. The old normal.”

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