Threadneedle bond manager Stevens exits to take career break

Threadneedle's Richard Stevens is to leave the firm at the end of the month, handing over his trio of government bond funds to other members of his team, Investment Week can reveal.

Stevens (pictured), who joined Threadneedle in 2010 and has previously worked at Legal & General and what was then Old Mutual Asset Managers, will leave his role on 30 September to take a career break. His departure will be preceded by a handover of his £325m UK Fixed Interest, £131m Sterling Bond, and £66m UK Index Linked funds to Dave Chappell and Matthew Rees. Chappell will become lead manager on Sterling Bond and UK Fixed Interest, while he and Rees will co-manage the index-linked fund. "Threadneedle has a large fixed income team of 40 investment professionals, including 17 fun...