Schroders is launching a strategic bond fund for former GLG fixed income star Gareth Isaac and head of global macro Bob Jolly.
The Schroder Strategic Bond fund, which will sit in the competitive IMA £ Strategic Bond sector, will invest in government bonds, investment grade corporates, high yield corporates and emerging market debt. Isaac, who joined the group last October from GLG having previously managed the GLG Core Plus Sterling Bond, GLG Total Return Bond and GLG Gilt funds, will be lead manager with Jolly as alternate. Investment Week understands the fund will launch in the second quarter. As well as taking long positions in debt they favour, Issac and Jolly have the ability to use derivatives to pro...
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