SEPTEMBER 01, 2014

Meet the 2014 Rising Stars of Asset Management; This is the fourth FN 40Under 40 Rising Stars in Asset Management, our editorial pick of the

industry’s most exceptional younger men and womenBullish capital markets and

large inflows of new assets in the past12 months have provided an opportunityfor Europe’s asset managementindustry to shake off post-crisisnerviness and establish a more solidfoot ing.

The fourth FN 40 Under 40Rising Stars in Asset Management,Financial News’ editorial pick of theindustry’s most exceptional youngermen and women, showcases thoseindividuals who have helped drive thism o m e n t u m b y f i n d i n g g r o w t hopportunities with innovative strategiesthat help meet clients’ increaseddemands.

Profiles by Joe McGrath, MarkCobley, Andy Pearce, Sarah Krouse,Mike Foster, Rachael Singh and LucyMcNul ty .

Danat Abdrakhmanov, seniorEmea analyst and institutional portfoliomanager, Eaton Vance (Age 30)Kazakhstan-born Abdrakhmanov hasbeen instrumental in driving EatonVance ’ s l ong/shor t i nves tmen tstrategies within foreign exchange,sovereign credit, rates and equities. Akey member of the $293.6 billion USmanager’s 45-strong global macroabsolute-return team, he has helpedgrow the division’s assets from $1billion globally in mid-2009 to around $12billion as of mid-2014. Its European netexposures total $4.5 billion and cover 37countries across Europe, the MiddleEast and Africa. Abdrakhmanov hasrisen through the ranks at Eaton Vancesince joining as a Boston-basedresearch analyst and trader in globalmacro absolute returns following hisgraduation in 2006. The combat sportsfan relocated to London in 2012 when hewas promoted to senior Europeananalyst and institutional portfolio

manager.Emma Adair, head of client

management, Cardano (Age 36) Lessthan two years after returning toCardano as a part-time client managerfollowing the birth of her second child,Adair in 2014 became head of clientmanagement and key lieutenant to headof clients Richard Dowell. Adair’sincreased remit reflects the growth ofconsultant and fiduciary managerCardano, which has secured 30% morepension fund client mandates over thepast two years. She has played aleading role updating Cardano’s websiteand streamlining external and brandcommunications. Adair was part of thefounding team at Cardano seven yearsago. The keen skier is also a trustee andvoluntary treasurer at her children’spre-school.

Jeannette Andrews, seniorc o r p o r a t e g o v e r n a n c e a n a l y s t ,Universities Superannuation Scheme(Age 29) Andrews studied biochemistryat college, but had no desire to ever seea chemistry textbook again. Instead, in2003, she took a job at shareholdervoting agency Manifest. Today she is agovernance expert at the UK’s £38billion universities pension fund. Shebecame senior analyst for responsibleinvestments in November 2013, havingjoined USS in 2008. She helped design a£210 million global equities fund in 2013,which invests in companies producingsteady dividend growth. It outperformedthe MSCI All-Countries World index by1.5 percentage points in its first year.Andrews also represented USS advisingthe UK government on companydirector remuneration regulation, andthe Financial Conduct Authority onminority shareholder protection. Herlatest focus is Japan’s new StewardshipC o d e .

Jonathan Baltora, portfoliomanager, Axa Investment Managers

(Age 29) A self-confessed marketsfanatic, Baltora wanted to be an airtraffic controller as a child but set hissights on a career in finance whenstudying economics in Paris in the mid-2000s. He cut his teeth at French firmGroupama Asset Management where hebecame one of the firm’s youngestportfolio managers in 2007, aged just 22.After joining Axa’s Paris office in 2010,he helped launch the Axa World FundsUniversal Inflation Bond, a total returninflation-linked bond fund that he nowmanages. In the past 12 months, hisfund has nearly doubled its assets toaround $240 million and returned 4.2%after fees for the first half of 2014.

M i c h a e l B a r a k o s , c h i e finvestment officer, European equities,JP Morgan Asset Management (Age 37)Barakos manages assets totalling €19.5billion across six funds and has hadresponsib i l i ty for the 44 -personbehavioural finance team within JPMorgan Asset Management’s equitybusiness since 2009. The largest fundunder his management, the €2.5 billionEuropean Equity Plus fund, achievedreturns of 179.8% against a benchmarkof 107.8%, from January 2009 to the endof June 2014. It gained 23.4% in 2013against a benchmark of 16.5%. Thestrong performance helped attractsignificant new investment, totalling$1.6 billion of net inflows in 2013. Oslo-born Barakos, who joined the firm in1999 as an investment analyst, alsooversaw the launch of the EuropeEquity Absolute Alpha fund in 2014,which has raised €28.3 million.

Chris Bullock, fund manager,Henderson Global Investors (Age 37)Bullock led the launch of Henderson’sHorizon Global High Yield fund inNovember 2013, the fourth addition tothe firm’s credit fund range developedand managed by the Aston Universityalumnus since he took over joint

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management of the absolute-returncredit fund in 2006. Bullock nowmanages assets totalling £3 billion. Theglobal high-yield fund secured returnsof 6.39% against peer group returns of2.5%. Henderson’s €1.4 billion CreditAlpha fund outperformed the index,returning 7.29% to the end of July 2014compared with 2.07% for its benchmark,according to FE Analytics. Bullockjoined Henderson in 2003, followingstints as an analyst at Insight and as abusiness analyst at Accenture.

Virginie Callegari, head ofstructured products, Emea, DeutscheAsset & Wealth Management (Age 36)Based in Geneva, Callegari spent eightyears advising clients in the investmentbanking arms of Calyon and SocieteGenerale before joining Deutsche Bank’s asset and wealth managementdivision in 2010. She was promoted tohead of a four-person structured productdevelopment team in 2012 and its salesand revenues have subsequently risenby 30% a year. Inflows hit €2 billion inthe 12 months to July 2014, as a result ofproduct innovations. In the past 12m o n t h s , C a l l e g a r i h a s b e e ninstrumental in developing a range ofstructured products, which use differentrisk factors to achieve varying rates ofreturn. To relax, she goes kitesurfingwhen family duties permit.

Dominic Carpenter, head ofstructuring, Legal & General (Age 34)Former banker Carpenter has beenusing his four years at Credit Suisse tohelp Legal & General build out its bulkpensions buyout and longevity swapsbusiness. Joining the UK insurer in2012, transaction-driven Carpenter hassince played a key role in BAE Systems’£2.7 billion longevity swap, whichcompleted early in 2013, and in therecord-breaking £3 billion pensionsbuyout that L&G signed with the ICIPension Fund in March 2014. TheCaterham kit-car racer previouslyestablished Credit Suisse’s longevitybusiness “from a blank sheet of paper”,working on landmark deals such asBabock International’s $750 millionlongevity swap, the first in the UK. Hesays his specialism is any deal that’smessy and complicated.

S ion Co le , head o f c l i en tsolutions, Aon Hewitt (Age 36) Cole isresponsible for the client-facing andsales team within consultancy AonHewitt ’s 49 -person UK f iduciarybusiness, advising on around £6.2 billionfor 67 pension funds. He says every

fund has outperformed its benchmarksover the past 18 months. In early 2014,he was also appointed to the firm’s 10-strong UK leadership board. TheWelshman joined Aon Hewitt in 2006 asa Bristol-based investment team headand over the next three years helpedgrow the team from five to 15 andrevenues from £700,000 a year to £2million. In 2009, he helped design theconsultancy’s fiduciary managementservice before moving to UBS GlobalAsset Management in 2010 to head itsUK and Ireland fiduciary offering. Hereturned to Aon Hewitt to take on hiscurrent role in 2012.

Siddharth Dahiya, head ofemerging market corporate debt,Aberdeen Asset Management (Age 32)Dahiya was promoted in May 2014 to thenewly created role of head of Aberdeen’s seven-person emerging marketcorporate debt team, which managesaround $2 billion of $13 billion ofemerging market debt. Dahiya hashelped to run the $350 million AberdeenEmerging Markets Corporate Bond fundsince its launch in 2011. The fund hasbeaten its benchmark since inceptionand returned over 7% for the year tomid-August against JPM CorporateEMBI Broad Diversified’s 6.3%. Bornand raised in India, Dahiya began hiscareer a t Ind ia ’ s ICICI Bank ’sinvestment banking division in Londonin 2006 after completing his MBA at theIndian Institute of Management. Hemoved to Aberdeen as an analyst in2 0 1 0 .

Geir Espeskog, head of iSharesNordics, iShares (Age 38) Norwegian-born Espeskog was rewarded for hissuccess in establishing BlackRock’siShares business in the Nordics, with apromotion in 2014 to managing directorof the iShares Nordic office. Sincejoining the firm in 2010, following stintsat Barclays Capital, Merrill Lynch andGoldman Sachs, he has built the Nordicbusiness to a unit with assets totalling$8 billion, making iShares number oneby assets among ETF providers in theregion. Supported by a three-personteam, he played a key role in 2013 insetting up a marketing collaborationw i t h F i n n i s h w e a l t h m a n a g e rMandatum Life, which he says helpedopen up the ETF market to retail clients- a tough market to break into - and ithas sparked interest from local wealthmanagers.

E d w a r d F a r l e y , h e a d o fEuropean corporate bonds, Pramerica

Investment Management (Age 38)Farley has been building Pramerica’sEuropean presence since joining thefixed income subsidiary of the US giantPrudential Financial in 2007, and inNovember 2013 he was promoted tomanaging director. His European teamhas secured 12 new global corporatemandates – including from pensionfunds – since April 2012, helping pushEuropean investment-grade corporateassets to $7.5 billion. Pramerica has$418 billion in fixed income assetsglobally. Farley, who manages a nine-person European corporate bond teamand runs the global corporate bondmandates together with US colleagues,started as an accountant at PwC, butswitched to the buyside joining assetmanager Gordian Knot in 2002. Within ayear, he was a portfolio manager andteam leader on a corporate bond andcredit derivatives fund.

J a m i e F o r b e s , d i r e c t o r ,European index business, RussellInvestments (Age 35) Forbes wasappointed to co-head Russell’s Europeanindex business at the beginning of 2014,alongside Stephane Degroote, withr e s p o n s i b i l i t y f o r i t s p r o d u c tdevelopment, marketing, sales andclient services and managing a team ofseven. She had previously been aregional director selling Russell’sindices and products to pension funds,consultants and sovereign wealth fundsin Europe. Forbes has most recentlybeen focusing on offering smart betasolutions to European clients and helpedattract more than $2 billion in pensionfund commitments t o Russe l l ’ salternative indices in the past year.

US-born Forbes joined Russell,which is to be taken over by the LondonStock Exchange Group pend ingregulatory approval, in 2003. Sherelocated from Seattle to London in 2007as a client executive.

Outside work, she became thechair of trustees for a new charity thatsupports survivors of sexual abuse in2014. She has also recently taken uprunning and completed her f irstmarathon in four hours and 19 minutes.

Lennar t Fr i jns , manager ,emerging market equities, APG AssetManagement (Age 33) Frijns waspromoted in July 2014 to manage Dutchpension manager APG’s five-personemerging markets equities investmentteam in Amsterdam, with responsibilityfor assets totalling €2 billion and joint

o v e r s i g h t o f t h e f u n d a m e n t a linvestment strategy for the €32 billionAPG global emerging market equitiesfund. He has since helped the fund beatthe MSCI Emerging Markets index by 80basis points and broadened its scope toinclude stocks in Greece, UAE andQatar. His interest in equities wassparked as a student in the late 1990swhen investing in technology IPOshelped him finance his ski trips. Frijnsjoined APG in 2009 after five years atDutch firm Robeco, to launch its LatinAmerican equities portfolio, beforerising to a senior portfolio manager in2 0 1 1 .

J a s o n G r a n e t , h e a d o fin ternat ional l iqu id i ty por t fo l iomanagement, Goldman Sachs AssetManagement (Age 36) Granet runsGoldman Sachs Asset Management’sinternational money market and short-duration portfolios, with responsibilityfor a team of seven and assets totalling$89.6 billion. In 2013, he grew his assetsby $19.6 billion, helping GSAM’s globalliquidity management unit to rank thirdin the industry by size, up from fourththe previous year, according to dataprovider iMoneyNet. Joining GSAM’sfixed income team as an analyst in2000, the University of Michigangraduate moved to its portfolio and riskstrategy group in 2004 before rising toco-head the six-person secured fundingteam on GSAM’s central funding deskin 2007. He moved to London in 2010 totake on his current role and was nameda managing director in 2012.

Lewis Grant, senior portfoliomanager, Hermes Fund Managers (Age33) Grant has been instrumental toHermes’ environmental, social andcorporate governance push. Havingspent the past two years building up itsESG data capabilities and strategies, heled the development of Hermes’ ESGequity fund, which launched in May2014 and has assets of £240 million.Grant was persuaded to join Hermes’global equities team as a quantitativeanalyst in 2008 by its global equitieshead Geir Lode, after six years at AonConsulting. Within a year, Grant helpedlaunch and co-manage the HermesGlobal Equity fund. It has sincedelivered annualised returns of 18.4%against a benchmark of 16.3%. TheLeicester City Football Club supporterbecame a senior portfolio manager in2009 and now deputises for Lode as partof a four-person team with assetstotalling $2.5 billion.

Toby Hayes, multi-asset fundmanager, Franklin Templeton (Age 38)Hayes has played a key role inestablishing Franklin Templeton’sglobal absolute-return investmentprocess. He joined in September 2013 asa multi-asset fund manager and is amember of the global investmentcommittee that defines the firm’s multi-asset allocations and strategy and iscentral to its investment process forg l oba l managed por t f o l i o s andder ivat ives . As part o f a teammanaging assets totalling over $42.8billion, he helped develop and now runstwo multi-asset Ucits funds which softlaunched in the UK in May 2014. Thekeen guitar player began his career atInsight Investment’s multi-asset groupin 2003, working with Patrick Armstrongpioneering the use of derivatives inmulti-asset absolute-return investing. In2009, Armstrong and Hayes establishedglobal macro manager ArmstrongInvestment Management.

Thomas Höfer, co-head of creditfixed income for Emea, Deutsche Asset& Wealth Management (Age 39) Höferhas enjoyed a strong run at DeutscheAsset & Wealth Management sincejoining in 1999 to set up its euroinvestment-grade credit team. Sincethen, he says its product has only hadone down year, in 2008, which was morethan made back in 2009. Promoted toEuropean co-head of credit in 2012,Frankfurt-based Höfer manages €30billion of assets and is supported by a25-strong team alongside his colleagueMarkus Wiedemann. His tasks alsoinclude managing 70% of the €8 billionDeutsche Bank Pension Fund. A keenmountain biking enthusiast, Höfer plansto take part in Europe’s Transalpchallenge.

Justin Jewell, portfolio manager,BlueBay Asset Management (Age 33)Former UBS trader Jewell joined assetmanager BlueBay in 2009 to head itshigh-yield bond trading team beforeswitching to portfolio management inleveraged finance in 2012. He waspromoted within a year to manageseven high-yield funds and co-managethe BlueBay High Yield Bond fund. Thefund’s assets have since grown to €1.3billion as at June 2014, and it posted anannual return of 14.34%. Jewell alsoplayed a key role in the development ofa new type of fund. Awaiting regulatoryapproval, it wil l be dedicated tocontingent convertible bonds issued byEuropean financial institutions.

Er i k Landgra f f , p o r t f o l i omanager, Skagen Funds (Age 29)Landgraff was recruited as SkagenFunds’ first-ever junior portfoliomanager in the summer of 2012, beating400 other applicants to a programmeinitially intended to last two years.Within 11 months, he was made a fullmanager on Skagen Kon-Tiki, theNorwegian fund manager’s £5.3 billionflagship emerging market equity fund.In the past 12 months, it has returned8.3%, 6.5 percentage points ahead of theMSCI Emerg ing Markets index.Landgraff cut his teeth at consultancyMcKinsey, where he worked as anassociate pursuing generalist researchinterests across multiple sectorsbetween 2010 and 2012. Outside of work,he is learning Turkish and getting togrips with sailing his new boat aroundthe fjords of Norway’s West Coast, fromStavanger, where Skagen is based.

Jeremy Lee, global pension risksenior manager, HSBC (Age 36)Actuary, writer and amateur violinistLee started his career at investmentconsultancy Mercer in the early 2000s.He qualified as an actuary in 2003 andafter stints at PwC, Swiss Re andboutique consultancy Redington, hemoved in 2012 to the in-house UKpensions team at Santander. There hehelped integrate its seven legacypension funds into a single £8 billionscheme, and incorporate the bank’spension scheme risk into its capitalmodels. With these projects largelycomplete, in August 2014 Lee stepped upto a global role on the pensions riskteam at HSBC, where he will work onthe bank’s various group pension funds,with total assets worth $41 billion. Hesays the most valuable quality aninvestor can have is humility.

Wo l fgang Mader , head o finvestment and risk strategy, risklab,Allianz Global Investors (Age 38)Appointed a managing director withinAl l ianz Global Investors ’ g lobalsolutions unit in early 2014, Munich-based Mader has led the investmentstrategy at risklab, the firm’s riskmanagement and asset allocationsubsidiary, since 2010. Heading a 14-person team advising on €38 billion inassets globally, he has helped grow thefirm’s risk-weighted product in the UK.He has also helped Allianz GI securelarge risk management mandates fromGerman blue-chip companies and theirpension schemes over the past year.Mader joined Allianz GI in Munich in

2005 as a financial engineer on therisklab investment strategies team,after five years as a banking andfinance lecturer and as a consultant toinsurers and investment banks on assetallocation and financial planning.

Ursula Marchioni, head of equitystrategy and ETP research, Emea,iShares (Age 37) Marchioni joinedBlackRock’s iShares investmentstrategy and insight team in 2012 fromCredit Suisse and was promoted afterjust one year to supervise the US giant’s European research and strategyacross its exchange-traded products.This includes overseeing research forthe iShares European-domiciled equityrange, which manages around $152billion across 177 exchange-tradedfunds. She runs a seven-strong unit andplays a significant role in strengtheningBlackRock’s ETF business amongpension funds and insurers in the UKand the Netherlands. In February 2014,she was appointed to co-lead a regionalinitiative spearheaded by iSharesEuropean head Rachel Lord to compareETFs and futures and identify coste f f i c i e n c i e s f o r c l i e n t s . W i t hrespons ib i l i t y f o r the ana lys i ssupporting the project, Marchioni worksalongside iShares’ European capitalmarkets head Leland Clemons, whomanages the execution of trades.

Mark Mart in , head of UKe q u i t i e s , N e p t u n e I n v e s t m e n tManagement (Age 34) Martin becamehead of Neptune’s UK equities team inFebruary 2014, six years after joiningfrom law firm Allen & Overy. Thepromotion followed strong performancefrom the Neptune UK Mid Cap fund thatMartin has managed since inception in2008. In the past 12 months, it returned20.3% against 14.4% by the FTSE 250index. Its performance is top decile sofar in 2014 and has been every yearsince launch. Martin invests in stocksthat participate in economic recovery,structural growth and turnarounds. Hef o u n d p a r t i c u l a r s u c c e s s i nhousebuilding stocks in 2010, but hassince trimmed his allocation. In hislimited spare time, he enjoys playing“anything with a racket”.

James McDaid, investmentmanager, GAM (Age 36) When Derry-born McDaid joined GAM’s managedportfolios investment team in 2012, hewas given responsibility for launchingand running the five funds included inits new discretionary fund managementrange for independent financial

advisers. Supported by his co-managerand former Quilter colleague CharlesHepworth and a 30-strong researchteam, assets grew to £316 million bymid-2014. McDaid’s willingness to uselesser-known funds to generate alphawithin the portfolios has attractedsignificant interest from the IFAcommunity. His target is £1 billion ofassets by 2016. He spent 11 years atprivate client wealth managementbusiness Quilter, as an assistant fundmanager and then investment manageron the firm’s managed portfolio service.

Ryan McGlynn, head of Emeacapital advisory, JP Morgan PrivateBank (Age 32) McGlynn was promotedin 2013 to oversee JP Morgan PrivateBank’s lending to European high networth and ultra-high net worth clients.Supported by his 25-person team, he hassince grown the unit’s loan book by $3.5billion, to over $17 billion, by targetingregional opportunities in illiquid credit,such as residential property outside theUK, and implementing new lendingproducts such as margin loans.McGlynn has held a number of rolessince joining JP Morgan a decade ago.After starting at its private bank’s fixedincome trading team in New York, herelocated to the UK in 2012 as anexecutive director and head of itsEuropean capital advisory business.

Adam Proctor, team leader andsenior private banker, Citi Private Bank(Age 35) Coming from a family ofdoctors, Proctor initially considered ajob in medicine but on finding the sightof blood too much, he opted for a careerin wealth management instead. JoiningCiti Private Bank as a vice-president in2008, after seven years at BarclaysPrivate Bank, Proctor was promoted inDecember 2013 to managing director ofone of Citi’s three UK ultra-high networth teams. He now manages a teamof seven and assets totalling $3.5 billion,including his ultra-high net worth clientbook, which amounts to $1.3 billion, upfrom $900 million in December 2013. Hehas been on Citi Private Bank’s UKmanagement committee since 2012.

Tom Record, global equitymanager, Majedie Asset Management(Age 34) Majedie persuaded Record tomove to London to lead its global equityteam in early 2014, marking the end ofhis 11-year stint at Edinburgh-basedBaillie Gifford, which he joined fromCambridge University in 2002. At BaillieGifford, Record rose to co-lead a team

covering European, Australian andAsian stocks for seven years andachieved strong performance figures,beating its benchmark by over fivepercentage points a year. At Majedie,he launched two long-only global equityfunds in June and has added two juniormanagers to his team. Record says hisinvestment s ty le is to seek outcompanies with hidden value. Hebacked Banco Popular of Spain afterdeciding the strength of its smallercompany loan book more than made upfor uncertainties over real estate.Record plays hockey and has taken upEton Fives for a second time, afterwinning a half blue at CambridgeUniversity.

Nick Samouilhan, multi-assetfund manager, Aviva Investors (Age 33)A former economics lecturer at theUniversity of Cape Town, Samouilhandecided to pursue a career in assetmanagement when he grew tired ofsee ing h is s tudents dr ive moreexpensive cars than his own. He firstjoined Investec’s multi-asset desk inLondon, where he worked for two yearsas an analyst, before moving to AvivaInvestors in 2010 as an assistant fundmanager. He was promoted to fundmanager within a year and in 2011helped launch five risk-targeted multi-asset funds in the UK and Irish retailmarkets .

He has since overseen theportfolio construction and strategy forthe funds, whose assets have grown toover $1.5 billion as at August 2014. Thelargest, a £230 million multi-asset fund,produced a return of 4.75% for the yearto July 2014 compared with peer groupreturns of 4.49%. In January 2014, hisremit was further expanded to includemanagement and development of thefirm’s new multi-strategy funds.

Mamadou-Abou Sarr, globalhead of environmental, social andgovernance investing, Northern TrustAsset Management (Age 35) Senegalo-Beninese Sarr, who is based in AbuDhabi, took on the newly createdposition of global head of NorthernTrust’s ESG investing in June 2014. Thepromotion followed his success buildingNorthern Trust’s ESG capabilities fromscratch with the creation of three ESGequity index funds, the first of which hedeveloped and launched in late 2013.Assets have grown to over $1 billion,with investments from large pensionfunds, including the UK’s NationalEmployment Savings Trust andS w e d e n ’

s AP4, and European charities. TheChicago Bulls fan joined Northern Trustin London in 2011 as a sen iorinvestment strategist for global equity,f o l l o w i n g s t i n t s a t t h e a s s e tmanagement arms of HSBC andMorgan Stanley in London, the fund ofhedge funds Amundi in Paris and Citi inDakar. A runner and gym fanatic, Sarrmoved to Abu Dhabi in 2013 to helpdevelop the firm’s presence in thereg i on .

Ma t thew Sha f e r , head o finternational distribution, NatixisGlobal Asset Management (Age 35)Shafer joined Natixis from Bank ofAmerica Merrill Lynch in September2013 to lead the development of its UKretail asset management business, andwas given an international role just fourmonths later. He now oversees thedistribution of the firm’s Luxembourgand Dublin-domiciled funds, and UKopen-ended investment companies, aswell as Natixis’ global strategy forwholesale and retail activities. His 42-strong team has increased by 10 sincehe took over, and net sales across retailand wholesale rose 112% in the 10months to June 2014, to reach €2billion. Shafer began his career atEaton Vance’s Boston office in 2003 andmoved to Bank of America in 2007. By2012, he was in London as Europeanhead of alternative investments andmanaged solutions.

Suhail Shaikh, chief investmentofficer, Fulcrum Asset Management(Age 35) Shaikh cut his teeth atGoldman Sachs Asset Managementhaving graduated from the LondonSchool of Economics in 2000, spendingfive years working across its equity,fixed income and multi-asset desks inNew York and London. In 2005 he waspersuaded to join investment managerFulcrum Asset Management as head ofinvestment strategy by a former GSAMcolleague and Fulcrum co-founderAndrew Stevens, and was promoted tochief investment officer in 2007. In thepa s t 1 2 mon ths , h i s 2 3 - s t r onginvestment team has doubled its assetsunder management to $2.8 billion atAugust 2014. Last year, the keenbadminton and squash player also ledthe development of three multi-assetalternative beta funds, which launchedat the end of July 2013 and have sinceraised over $1 billion. The largest, theFulcrum Multi Asset Volatility fund, hasattracted assets of about $750 millionwith investments from FTSE 100

companies’ pension schemes and theUK subsid iar ies o f Fortune 500companies.

Alex Struc, portfolio manager,Pimco (Age 35) Moldova-born Strucbegan creating a European financialsector-focused fund in 2011 withPhilippe Bodereau, the bond giant’sglobal head of financial research, tocapitalise on the region’s recoveringbanking sector. Launched in July 2013with $100 million in assets, the fundinvests in fixed income securities issuedby banks. It has grown to over $4billion, and has returned 14.32% beforefees since launch. Struc joined Pimco inLondon in 2003, following stints atG a r t m o r e a n d I n t e r n a t i o n a lCommercial Bank.

He became lead Europeanfinancials trader in 2008, rising tosenior vice-president in 2011. In 2013, hewas promoted to executive vice-president and given oversight of thefirm’s trading and spread products forEuropean credit counterparties. As ateenager he swam freesty le forMoldova’s national team.

James Sym, fund manager,European equities, Schroders (Age 30)Sym moved to Schroders in July 2013 aspart of its acquisition of CazenoveCapital, which he had joined six yearsearlier from Cambridge University.After strong performance from his £333million Schroder European AlphaIncome fund, which has produced 73%returns since its May 2012 launchcompared with the FTSE World Europeex-UK’s 47.7%, he was handed the reinsof the £1 billion Schroder EuropeanAlpha Plus fund in June 2014. Sym sayshis investment style follows a businesscycle approach, focusing on stocks withthe potential to outperform at differentpoints in the cycle.

A z a T e e u w e n , p o r t f o l i om a n a g e r , T w e n t y F o u r A s s e tManagement (Age 32) Teeuwen waspromoted to joint lead manager of fixedincome specialist TwentyFour’s closed-e n d e d f u n d , t h e £ 3 3 3 m i l l i o nTwentyFour Income Fund, in March2013. Since then, the fund has returnedover 27% after fees against sectorreturns of 1.5%, according to FEAnalytics. Teeuwen says five yearsworking on Dutch investor IMC AssetManagement’s southern Europeanstructured products desk gave himinvaluable experience seeking out lessliquid, asset-backed opportunities in theEuropean bond market. The golf

enthusiast has also co-managed the £160million TwentyFour Monument Bondfund since joining the London-basedfirm in 2011 from IMC.

Matthew Tillett, UK equitiesportfolio manager, Allianz GlobalInvestors (Age 31) Since taking solecharge of Allianz Global Investors’ UKUnconstrained fund in 2010, Tillett hashelped secure returns of 48.6% over thethree years to July 2014, ahead of a32.5% peer group return. In 2013, he wasnamed deputy portfolio manager ofAl l ianz UK Equity Income fund,bringing his assets under managementto more than £78 million. A formerchess player for England’s junior team,in 2014 he launched the UnconstrainedThinking blog to give investors a viewo f A l l i a n z G I f u n d m a n a g e r s ’personalities and investing styles.Ti l let t jo ined the German assetmanager’s graduate scheme in Londonin 2006, and was appointed pan-European equities analyst a year later.He moved to its equities team in 2009.

Laurent Trottier, head of indexmanagement , Amundi (Age 39 )Frenchman Trottier manages assetsto ta l l ing € 5 2 b i l l i on across fourinvestment teams and 19 investmentprofessionals in Paris and Tokyo. Hehas been instrumental in developing asmart beta push by Amundi, one of theUK’s five largest exchange-traded fundproviders. Building a partnership withERI Scientific Beta, the commercialindexing arm of the Edhec-RiskInstitute, led in June 2014 to Amundil a u n c h i n g a r a n g e o f p a s s i v einvestment products linked to a strategyindex developed by Scientific Beta. Akeen runner and climber, Trottier hasbeen developing Amundi’s indexingcapabilities in equities and fixed incomesince 2009. He joined Credit LyonnaisAsset Management, now Amundi, in2002, after three years at State StreetGlobal Advisors.

S i m e o n W i l l i s , h e a d o finvestment strategy, KPMG (Age 34)Willis was the 14th member of KPMG’sinvestment advisory team when hejoined from Mercer in 2006; today itemploys 65 and advises companies andpension trustees with assets worth £70billion. In July 2014, he was promoted tohead this team in a new role thatincludes overseeing KPMG’s managerresearch heads in each asset class. Heis the man behind KPMG’s annualLiability Driven Investment survey,which was first published in 2011 and is

the most authoritative source on this£500 billion segment of the UK pensionsindustry. Willis is also possibly the onlyinvestment adviser to have been told topipe down by Prince Charles, whenplaying a gig as a drummer in a KPMGjazz band next door to the Prince’sresidence.

S c o t t W i n s h i p , p o r t f o l i omanager, Investec Asset Management(Age 29) Former commodities analystWinship was promoted to co-managethe £212.9 million Investec Global Goldfund, alongside colleague BradleyGeorge in October 2013. The fundreturned 19.36% in the 12 months to theend of June 2014, outperforming itsbenchmark by 6%. In April 2014,Winship also joined the firm’s qualityteam, a nine-person group of fundmanagers responsible for spottingequity opportunities for the company’s£1.7 billion Global Franchise fund.South African-born Winship joinedInvestec in Cape Town in 2008 as ananalyst within the commodities andresources team and two years laterbecame a global mining equitiesanalyst, a role which prompted hismove to London.

Steven Yang Yu, co-head ofasse t - l iab i l i ty management andinvestment strategy, Redington (Age32) Yu made his first investment aged13; using 10,000 renminbi in savings tobuy Chinese government bonds thenyielding 14%, he was able to pay hisschool fees the next year. Joiningconsultancy Redington in 2007 aftergraduat ing f rom London’s CassBusiness School, he was promoted inMay 2013 to co–head its asset-liabilityteam alongside 2013 Rising Star DanM i k u l s k i s . H e h a s s i n c e b e e ninstrumental in growing the now 12-strong team, which provides investmentrecommendations to pension funds andwealth managers. Last year, he helpeddevelop innovative strategies forpension fund clients to invest in illiquidcredit, such as infrastructure debt, andin social housing finance, and for themto r egu la r l y mon i t o r r i s k andperformance. The team has alsodeveloped a new volatility-controlledequity strategy which launched inAugust 2013, and a framework to assistwith more sophisticated hedging ofinflation risks. In May 2013, the Chinesemartial arts fan was appointed toRedington’s executive committee.

• Correction: An earlier versionof this story incorrectly stated the size

of Investec Asset Management's GlobalFranchise fund at £40.2 million. Thishas been amended.