F&C's Gulabani replaces Grice on Global Bond fund

Malika Gulabani has replaced Paul Grice as lead manager on the £504m F&C Global Bond fund following his departure from the group.

Grice, who was director in charge of UK bonds, has left F&C to pursue other opportunities, the group said. Gulabani has been at F&C since 2006 working as a fund manager covering international government bonds. She was formerly co-manager on the fund, which she took over at the start of April. The fund has returned 20% over the three years to 11 April, compared to the IMA Global Bond sector average of 33.4%, according to Morningstar.