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Aegon announces fund line-up for Stephen Snowden

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Aegon Asset Management’s latest recruit Stephen Snowden is to become the co-manager of the Aegon Investment Grade Bond and the Dublin domiciled Investment Grade Global Bond funds.

Snowden will replace Aegon Asset Management’s co-head of fixed income David Roberts on both funds, whilst Euan McNeil will remain co-manager on both. Roberts will continue to manage the Aegon Strategic Bond, the Aegon Strategic Global Bond and Aegon Sterling Corporate Bond funds.

Aegon Asset Management announced the re-appointment of Stephen Snowden to its award winning fixed income team* last week. He rejoins from Old Mutual Asset Management, where he managed its GBP747m corporate bond fund, which he has done so since leaving Aegon Asset Management in 2004.

The Aegon Investment Grade Global Bond Fund is currently ranked first quartile over three years, while the Aegon Investment Grade Bond Fund is second quartile over three years.

His appointment comes as Aegon Asset Management is looking to expand its renowned fixed income expertise into new markets including Europe, following a record breaking year for the business in 2010.

Roberts says: ‘These funds are a natural match to Stephen’s skill set, which has a focus towards achieving alpha through investing primarily in investment grade bonds. He is a tremendous addition to our team as we look to expand our range and capabilities in to new markets.’

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