Pimco head of environmental, social and governance (ESG) portfolio management, Alex Struc, is to exit the firm at the end of the month.
Amey has also taken on the title of head of ESG strategies.
Amey joins Citywire AA-rated Mark Kiesel, Citywire A-rated Scott Mather and Citywire + rated Mihir Worah on the Pimco ESG Total Return fund, and Jerome Schneider and Mather on the Pimco Low Duration ESG fund.
Amey is also responsible for the firm’s European insurance and European liability-driven investment portfolio management groups.
Prior to joining Pimco, he was head of UK fixed income at Rothschild Asset Management.
The Pimco ESG Total Return fund is ranked 30 out of 54 Core Plus Bond funds tracked by Citywire for three-year total returns to the end of September. Over that time it returned 9.1% compared to the average Core Plus Bond fund which was up 9.6%.
‘Mike Amey, managing director and portfolio manager, has joined Pimco’s ESG team as portfolio manager and chair of the ESG leadership committee and will work closely with Scott Mather, chief investment officer of US Core Strategies, and other Pimco executives dedicated to expanding the firm’s ESG platform,’ said a Pimco spokeswoman.
Fidelity musical chairs
Fidelity has added three managers to three separate funds, which have combined assets of $3.4 billion.
Fernandes joined Fidelity in 2013 and has been a manager on the Fidelity International Energy strategy and an analyst on the Fidelity Global Integrated Energy and US Refining strategies. Prior to joining the firm, he was a global energy analyst at Fidelity International.
Nathan Strik was added to the $925.4 million Fidelity Select Natural Resources portfolio alongside John Dowd. Strik has been an analyst with the firm since he joined in 2002.
Prior to this, he was a consultant with the Boston Consulting Group.
Meanwhile, Ben Shuleva has joined Ted Davis on the $314.4 million Fidelity Select Natural Gas portfolio. Shuleva also manages the $535 million Fidelity Select Energy Service portfolio and joined the firm in 2008 as an analyst.
A Fidelity spokesman could not be reached for comment in time for publication.