Tuesday, 3 March 2015
Last updated 39 min ago
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."
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…