F&C's Luis and colleagues exit firm after fixed income overhaul

F&C Investments has overhauled its fixed income arm, with six members of the team - including fund manager Fatima Luis - exiting the business.

The restructure will see Luis - who ran the group's £221m Strategic Bond, £100m Extra Income Bond and £55m Maximum Income bond funds - exit with immediate effect. Steve Drew, Thames River's head of global credit, and team member Brett Golledge, have also resigned from the firm. Three other members of the fixed income team - Han Altink, Mario Hooghiemstra and Leendert Schoenmaker have also departed. The departures are the latest casualties of activist investor Ed Bramson's cost-cutting programme, which has resulted in five high-profile names have leaving F&C Thames River this year. ...