Old Mutual changes manager for Skandia bond fund

Old Mutual Global Investors has appointed Anthony Gillham as sole portfolio manager on the Skandia Strategic Bond fund.

Gillham will take over the fund, previously managed co-managed with head of investment research Adam Smears, which has underperformed the peer group over one and three years according to the latest factsheet.

Old Mutual head of multi-manager John Ventre says: “Anthony has made a significant and valuable contribution to the management of both our dedicated fixed income portfolios and fixed income allocations within our multi-asset funds over the last five years.

“He has helped us forge significant success in the management of our funds, combining world-class manager selection with a flexible approach to asset allocation that can add value within customers risk expectations.”

He adds: “I am confident that Anthony will continue his excellent work now that he is sole portfolio manager for the fund, being well supported by the depth of investment talent and experience in our multi-manager team.”