BT Investment Management (BTIM) plans to boost its capabilities in fixed income and hedge funds for its multi-strategy diversified funds business.
The firm is currently looking to add two investment professionals that each have experience in fixed income and portfolio management.
"We are looking to build our fixed income strategies. We have a positive view on the asset class," BTIM head of multi-strategies Robert Swift said.
"We are already overweight in fixed income in our balanced funds and believe that the risk-return proposition is right."
The firm is also looking at introducing hedge fund strategies to the market despite its decision to close its Asian long/short fund.
"It was unfortunate that we couldn't get our Asian hedge fund strategies to market because of the then commercial environment," Swift said.
"We are, however, now looking to build internally our long/short strategies and pull together an optimum mix of hedge funds strategies that will build our absolute return fund."
BTIM plans to eventually take the fund to market.
The firm is also eying alpha/beta separation strategies with hedge fund strategies driving alpha returns, Swift said.
The firm has no current plans to add people to support the alpha and beta strategies.
"I am pleased that we have a group of smart people already in place who can all work in collaboration to grow each of these areas," Swift said.
Swift was appointed to the business 18 months ago after working in the US for 12 years.
