AXA IM's Buchet joins EM fund specialist

Firm to launch EM debt total return strategy

Damian Buchet, former AXA IM head of emerging market fixed income, has joined Finisterre Capital.

Buchet, who left AXA IM in June after five years, was previously manager of the AWF Emerging Market Short Duration and AWF Global Emerging Market Bonds fund. His new role sees him join Finisterre as chief investment officer for total return strategies. The firm is to launch a Emerging Market Debt Total Return Strategy, which will target returns of 3%-7% per year. The strategy takes a holistic approach aimed at optimising the yield/liquidity/volatility profile of its portfolio across the market cycle. It will be run by Christopher Watson, who is head of credit research and credit po...