Mike Riddell, manager of IC Top 100 Fund M&G Global Government Bond (GB00B7J76C49) since 2010, is leaving after working at M&G for 12 years. Mr Riddell is joining another large bond fund manager, but has not said which firm.
M&G Global Government Bond Fund is now run by Claudia Calich, and Jim Leaviss, head of retail fixed interest at M&G, continues to be deputy manager. There will not be any changes to the way the fund is run and M&G says it is managed very much via a team approach, although Ms Calich was not directly involved with it before.
Ms Calich is also manager of M&G Emerging Markets Bond Fund (GB00B4TL2D89), and has been appointed deputy manager of M&G Global Macro Bond Fund (GB00B78PH601), on which Mr Riddell was deputy manager. Before joining M&G in 2013 she was a senior portfolio manager at Invesco in New York, and has more than 20 years experience in emerging markets.