Man Reshuffles GLG

Jan 8 2013 | 11:06am ET

The Man Group, beset by continued investor outflows, is shaking up its GLG Partners division.

The shrinking hedge fund giant said it had hired Sudi Mariappa and Kumaran Damodaran from Pacific Investment Management Co. and Brian Pinto from the World Bank. In addition, it named investment strategist Jamil Baz to head GLG's macro strategy and shifted Richard Bateson to GLG from its flagship AHL strategy, as a senior quantitative analyst.

Mariappa, who started at GLG late last year, will lead the group's fixed-income business. Pinto will serve as a senior macro economist focused on emerging markets.

Mariappa and Damodaran worked on absolute return strategies at PIMCO.

"I am pleased to be leading GLG's expansion in this area alongside someone as distinguished as Jamil," Mariappa said. "We have already been developing a unique common research platform covering analytics and macroeconomic research, which the team will use to inform their investment decisions."

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