UK - Clerical Medical Investment Management (CMIM) is on the hunt for a number of investment professionals as it gears up to achieve the targets it has set itself in terms of winning new business.
CMIM is looking for a fund manager for its European growth fund, a fund manager for its UK growth fund, a fixed interest fund manager, a credit analyst and marketing professionals to work in product development. All are new roles.
Commenting on expanding CMIM’s fixed interest team, CIO Michael Deakin said: “Pension funds especially have an increased appetite for fixed interest as a result of recent developments. I expect the excellent track record we’ve built up over a number of years to continue as we win more business.”
To December 31, over one year, three years and five years, CMIM’s Fixed Interest Fund achieved 4.6%, 4.2% and 9.5% respectively against the CAPS median of 3.3%, 3.7% and 8.7% respectively.
The Corporate Bond Fund’s performance over three months and one year was 3.5% and 5.7% respectively, against the Merrill Lynch Sterling Non-Gilt ‘AAA’ and ‘AA’ 15 year benchmark of 3.4% and 5.5% respectively.
In January, CMIM, a unit of HBOS’s fund management business, appointed Keith Lovett as chief operating officer. Lovett joins Deakin and managing director Gary Mairs to complete the firm’s senior line-up.
HBOS’s asset management business was created at the end of last year by combining Clerical Medical Investment Management, Halifax Investment Management and the investment unit of Equitable Life. The operation manages £62bn, of which £8bn is institutional business.
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