GLG Taps PIMCO Vet For Fixed-Income

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.

 


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