Veteran bond fund manager Craig Veysey has joined Guinness Global Investors to spearhead a new fixed income team, with plans to launch funds by the end of the year.
Veysey said the new funds will be part of an “active, high-conviction, benchmark unconstrained global bond strategy focused on delivering attractive income and long-term capital growth through disciplined macro positioning and value-oriented credit selection”.
“Today’s yield environment provides compelling opportunities for investors,” he added.
He was formerly lead portfolio manager of Sanlam’s strategic bond strategy since launch in 2012. In 2018, Veysey and co-manager Francois Kotze left Sanlam and joined Man GLG, the discretionary investment management business of Man Group.
Man GLG bought Sanlam’s bond fund, which held £290m in assets at the time of sale, and merged it into Man GLG Strategy Bond in October 2019, with Veysey and Kotze managing the enlarged fund until 2024. Veysey set up Cavalen Asset Management in January 2025.
He has also held senior global bond portfolio management roles at Scottish Widows, Mellon and HSBC.
Edward Guinness, chief executive officer of Guiness Global Investors, said: “We are excited to have Craig develop a fixed income offering that complements our range of quality equity funds.”