Investec Asset Management has appointed Iain Cunningham to its multi-asset team as a portfolio manager.
Cunningham joins from Schroders, where he co-managed the Schroder ISF Global Multi-Asset Income fund and the Global Multi-Asset Allocation fund.
Cunningham reports to Michael Spinks, co-head of multi-asset growth, and joins a 31-strong team, which covers total return and relative return growth strategies, as well as defensive income.
Spinks says Cunningham will focus specifically on relative return growth strategies.
“With today’s low growth environment and uncertain economic backdrop, clients are increasingly looking to target investment outcomes based on risk and return,” Spinks says.
At Schroders Cunningham helped develop the Multi-Asset Income franchise and led currency research for the multi-asset team.