American Century Investments has hired a former hedge fund manager as its newest vice president.
Edward Boyle has joined the Kansas City, Mo.-based firm from FX Concepts, where he managed a portfolio of currencies and futures. The new vice president will be co-managing the Non-U.S. Fixed Income (International Bond) and Global Fixed Income (Global Bond) strategies at American Century, along with senior vice president and senior portfolio manager John Lovito.
"One of the reasons why we hired Edward is that his approach to currency markets is very consistent with the way we were looking at the currency markets," Lovito said. "He brings amore extensive background with regard to the emerging market currencies, and his method is, in terms of utilizing quant methodologies, a little more advanced than what we were doing. This takes us a step further on that side."
Boyle replaces Federico Garcia Zamora, who served as co-portfolio manager for the past four years, Lovito said.
Garcia Zamora was hired as senior portfolio manager of currency strategies at Standish Mellon Asset Management Company, BNY Mellon's Boston-based fixed income specialist. He now handles making investment recommendations in global currencies for single sector and multi-sector fixed income strategies and will manage Standish's soon-to-be-launched currency absolute return strategies. Garcia Zamora reports to David Leduc, chief investment officer of Standish.
Boyle will be based in New York, alongside Lovito.
Prior to FX, Boyle served as a member of the global macro trading and research team at hedge fund Brevan Howard, and as a quantitative researcher and trader for Escher Capital.
Before investment management, Boyle was a founder and managing partner of Magnum Design, a technology firm based in San Francisco that is now suspended, according to the California Secretary of State website. Boyle also spent five years in the U.S. Army, attaining the rank of Captain while serving in South Korea, Turkey and Europe.