UK - Gartmore has hired Robert Crossley to its fixed income team as a senior portfolio constructor.
Crossley joins from Cargill where he also worked in bonds for seven years, specialising in the identification and exploitation of relative value, anomaly curves, and basis opportunities.
Crossley reports to Bob Jolly, head of fixed income portfolio construction, and will work alongside him on the management of global bond funds and relative value fixed income strategies.
The firm has also bolstered its European equities team with the appointment of David Thompson as investment manager.
Thompson joins Gartmore from Credit Suisse First Boston, where he was employed as a director of UK and European sales.
Prior to this, he spent two years at Morgan Stanley Dean Witter as a vice president of UK and European equity sales.
Initially, Thompson will be working on the AlphaGen Capella Hedge Fund where he will report to Roger Guy, senior investment manager on the European equities team.
Professional Pensions is holding a breakfast briefing on engaging defined contribution (DC) members on 7 February.
Panellists at a PP webinar discuss October's High Court judgment on GMP equalisation, how schemes have responded, what their strategies should be, and how the industry can approach it.
Some investment consultants and fiduciary managers may be misrepresenting the conclusions of a major market competition review to clients, XPS Pensions says.
A number of pension schemes have been prompted to lock in gains with a move into bonds after the estimated deficit across FTSE 100 DB pension schemes improved by £36bn, over the 12 months ending 30 June last year, JLT Employment Benefits found.