L&C Adds Fixed-Income Hedge Fund Manager

Mar 5 2010 | 2:02pm ET

London & Capital Investment Advisers is jumping on the UCITS bandwagon, adding an F&C Asset Management hedge fund manager to oversee it.

L&C, which two-and-a-half years ago launched a line of absolute return products, has added Sanjay Joshi as a portfolio manager. He’ll oversee UCITS III-compliant fixed-income funds at the firm, where he worked from 2002 through 2006.

Joshi will work on L&C’s fixed-income team, working on portfolio construction and asset allocation as well as the UCITS products.

“The asset class has always played an important role at the heart of our client portfolios, and has made a significant contribution to our long-term performance track record, delivering our clients an annualized return of some 10% per annum,” Ashok Shah, chief investment officer, said.

At F&C, Joshi managed a fixed-income hedge fund.

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