ANNOUNCEMENT: Expert Investor is now PA Europe. Read more.

Columbia Threadneedle EMD head dies

Tim Jagger joined the company in 2017, having previously worked at Aviva Investors and RBS in Asia

The head of emerging market debt at Columbia Threadneedle Investments died suddenly on 2 October.

Described as a “much-valued leader, colleague and investors”, the company said he “will be missed by all his colleagues and friends at Columbia Threadneedle”.

Jagger joined the firm in Singapore from Aviva Investors in 2017, before relocating to London a year later when he was promoted to head of EMD.

He was also lead portfolio manager for Columbia Threadneedle’s flagship EMD funds.

Jagger started his financial services career at NatWest, before joining RBS. In 2007, he moved to Singapore where he was head of corporate credit strategy, before being promoted to head of credit strategy, Asia Pacific in 2009.

He joined Aviva Investors in 2012 as senior vice president, portfolio manager, fixed income, Asia.

Warmth, affection and respect

William Davies, chief investment officer Emea at Columbia Threadneedle, said: “Tim was an outstanding fund manager and leader of our global emerging market debt team.

“He was much admired and respected by colleagues within his team and across Columbia Threadneedle as a whole.

“He will be remembered by clients and colleagues with much warmth, affection and respect.

“Tim’s sense of humour and caring nature helped him stand out as a natural leader and friend.”

Davies added: “I speak on behalf of the whole of Columbia Threadneedle in expressing our deep and heartfelt sadness at his passing. Tim’s family and friends are very much in our prayers at this difficult time.”

Picking up the torch

Jagger’s responsibilities have been assumed by senior members of the global EMD team under the overall leadership of Gene Tannuzzo, deputy global head of fixed income.

Adrian Hilton, head of global rates and currencies, will become head of EMD on an interim basis.

Hilton is a senior fund manager with close to 20 years’ experience in fixed income markets and has been with Columbia Threadneedle since 2016.

He will co-manage the Threadneedle EMD pooled funds along with current deputy manager Chris Cooke, on an interim basis.

Both Hilton and Cooke worked closely with Tim since 2017 and they will continue to work closely with Ed Al-Hussainy, who leads Columbia Threadneedle’s seven-strong EMD research team.

  • Can M&A and buybacks breathe life into UK market?

    Can M&A and buybacks breathe life into UK market?

    Both buybacks and M&A should help realise value in UK shares, boosting prices and giving investors another reason to consider the UK stockmarket Not only does M&A activity appear to be picking up, with a high-profile bid for UK electronics retailer Currys, but the scale of company buybacks continues to accelerate. If it goes well,…

  • Capital Group launches multi-thematic Article 8 funds

    Capital Group launches multi-thematic Article 8 funds

    Capital Group has launched a set of multi-thematic sustainable funds that are available for investors in Europe, writes Christian Mayes. The Capital Group Sustainable Global Opportunities fund (LUX) will invest in global equities, while the Capital Group Sustainable Global Corporate Bond fund (LUX) will target fixed income exposure. The launch also includes a multi-asset offering…

  • Bond funds pull in €29.7bn in January – LSEG

    Bond funds pull in €29.7bn in January – LSEG

    Bond products were the best-selling asset class in January, according to LSEG Lipper’s European Fund Flow report, writes Christian Mayes. The asset class pulled in a net €29.7bn in the month, while Money Market USD grouping was the best-selling Lipper Classification after receiving €11.2bn inflows. Providers of mutual funds pulled in €22.5bn, while passives saw net…

  • Quarter of Article 8 funds at risk of greenwashing – MainStreet Partners

    Quarter of Article 8 funds at risk of greenwashing – MainStreet Partners

    A quarter of all Article 8 funds could be accused of greenwashing based on their sustainability framework and practices, according to MainStreet Partners, writes Christian Mayes The 24% of funds classified as a greenwashing risk by the 2024 ESG Barometer report marks a four percentage point increase from the 20% flagged at the end of…

  • EU green rules could stymie decarbonisation projects – ExxonMobil

    EU green rules could stymie decarbonisation projects – ExxonMobil

    The European Union’s climate regulations may lead to it halting its investments in Europe, ExxonMobil has warned. Speaking to the Financial Times, Karen McKee, president of the product solutions division, said the oil and gas giant had struggled to begin decarbonisation projects in Europe due to the regulatory burden. The result, she added, was that…

  • ICE flags need for Europe to double green investment

    ICE flags need for Europe to double green investment

    Investments to modernise energy and transport must double by the end of the decade to reach 2030 climate targets, the EU has been warned. According to the Institute for Climate Economics (ICE), which has released the European Climate Investment Deficit report, the bloc lacks what it calls a “consistent tool” to ensure monitoring of the…