Old Mutual Asset Managers (Omam) plans to launch an Irish-domiciled Global Bond fund for Stewart Cowley, the head of fixed income at the group.
Cowley, who joined Omam in June from Newton Investment Management, already runs the onshore Global Strategic Bond and Dynamic Bond funds. The new Global Bond fund will be launched, subject to regulatory approval, in December.
According to Omam the fund will be run using the same investment approach as used on the OM Global Strategic Bond fund.
The fund will be domiciled in Ireland and the base currency will be the dollar. Omam intends to initially launch the fund with euro, dollar and sterling share classes and is applying for UK distributor status.