Friday, 25 July 2014
Last updated 4 hours ago
Sep 7 2012 | 6:48am ET
GLG, the Man Group’s investment manager division, has hired PIMCO vet Sudi Mariappa to manage its absolute return fixed-income offering.
Mariappa spent 10 years at the Pacific Investment Management Co., the California-based mutual fund giant, joining in 2000 and becoming managing director in 2003. He ran the international bond team until 2008, during which period assets in global fixed-income portfolios increased from $10 billion to $85 billion. During his final year with the company, he served as a senior advisor, working closely with founder Bill Gross.
“We are delighted to be hiring a professional of Sudi’s caliber,” said Manny Roman, CEO of GLG and COO of Man, in a statement. “We look forward to building our business in an asset class which has many attractions for investors in today’s volatile market environment.”
Man, a leading alternative investment management business, had AUM of $52.7 billion as of June 2012.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…