Columbia Threadneedle Investments has flown in Toby Nangle’s successor at Barings Asset Management to take over his £2.4bn absolute return fund.
The fund group has appointed Christopher Mahon as head of dynamic real return, following Nangle’s (pictured) decision to pursue a change in career and depart the business after a decade.
Mahon joins the business in September 2022 from Barings, where he was in charge of the seven-strong Emea multi-asset team and more than $5bn of AUM, a role held by Nangle before he jumped ship to Columbia Threadneedle in 2012.
In his new role, Mahon will take the lead on the flagship Threadneedle Dynamic Real Return fund, previously run by Nangle, as well as other real return strategies.
Following Nangle’s departure, Paul Niven, who joined Columbia Threadneedle following its acquisition of BMO Gam’s Emea business, was made head of asset allocation for Emea.
Commenting on Mahon’s appointment Niven said: “Christopher has outstanding experience of managing multi-asset funds and providing asset allocation research and he has built a strong reputation within the institutional market over the past 15 years.
“His investment process and style are similar to that employed within the Dynamic Real Return strategy and I’m confident that under his management the strategy will continue to deliver strong risk adjusted returns for clients.”