Deutsche Asset Management has merged its ESG-focused bond strategy into a global fixed income fund, Citywire Selector has learned.
Aufderheide, who joined Deutsche Bank in 1994, was most recently a portfolio manager and currency strategist. Stefanie Holtze-Jen has replaced him in the latter role.
The receiving strategy, the Deutsche Invest Global Bonds High Conviction fund, used to be co-managed by both Aufderheide and Citywire + rated Bernhard Falk, who remains on the strategy.
A spokesperson for Deutsche Asset Management said the high conviction fund will have more potential in the future as the firm continues to convert other bond funds into ESG-focused strategies.
This fund was rebranded as the Deutsche Invest I ESG Euro Bonds (Short) fund in January and mainly invests in issuers with an ESG focus.