James Gledhill has taken on the role of head of fixed income at New Star Asset Management following the departure of Theo Zemek.
Gledhill and Zemek both joined New Star from M&G, where Zemek was also head of fixed income. She will take on the role of global head of fixed income at Axa Investment Managers in March.
Zemek was the lead manager on the New Star Fixed Interest and Managed Distribution funds. The Fixed Interest fund will now be managed jointly by Gledhill and Nick Hayes, who joined the New Star fixed income team in May 2003. Hayes specialises in investment-grade instruments and has been the second named fund manager on this fund since November 2006.
Gregor Logan, New Star’s joint chief investment officer, will take over the management of the Managed Distribution fund. Gledhill will manage the fixed income component of this fund’s portfolio, with Toby Thompson continuing to manage the equity component.
Gledhill will continue to manage the New Star High Yield Bond fund, which he has run since its launch in October 2002. He will be joined as joint manager of the New Star Extra High Yield Bond fund by Mark Sanders, who came to New Star from Aberdeen Asset Management in 2003.
‘Most significant’ upgrade since launch
Changes happening over coming months
Had accepted British Steel business
Aimed at HNW clients and family groups
Set for 1 April 2019