London-based specialist fixed-income and currency asset manager Augustus Asset Managers has announced the appointment of Alex McKnight as a portfolio manager on the JB Convertible Hedge Fu
London-based specialist fixed-income and currency asset manager Augustus Asset Managers has announced the appointment of Alex McKnight as a portfolio manager on the JB Convertible Hedge Fund.
Before joining Augustus, McKnight was a senior convertible bond trader at AIB Global Treasury as part of a seven-person unit running a proprietary bond investment book, in a trader/analyst role, with responsibility for European convertible bonds. He was previously an analyst at AIB on the credit team looking at convertible and high-yield bond issues.
‘We are committed to adding talent and growing the convertible assets at Augustus, and recruiting people of Alex’s calibre is a key part of that process,’ says the firm’s president Edward Dove.
McKnight says: ‘There are only a handful of companies like Augustus, so the opportunity to work with the team that has built up such a strong reputation is really exciting.’
Augustus Asset Managers is an independent asset manager with a focus on fixed-income and currency investments and in both relative and absolute return management. Augustus has total assets under management of USD8 billion, comprising long only funds, hedge funds and absolute return funds across the risk spectrum.
The firm has been managing fixed-income portfolios for 23 years, pre-dating the Citigroup World Government Bond Index. Over this period it has developed the resources to research and monitor developments within these markets, enabling it to achieve its aim of consistently outperforming its benchmarks (generating alpha) with relatively low volatility.
The company employs over 50 people, 17 of whom are investment professionals. Last January, Julius Baer Holdings announced that it had agreed a management earn-out under which 90 per cent of the firm’s equity was transferred to Augustus staff.