GLG Adds Russell’s Ind For Absolute Return Fund

Jul 2 2013 | 2:31am ET

GLG Partners has expanded its macro team with the addition of a former Russell Investments portfolio manager.

James Ind was named a portfolio manager at the Man Group subsidiary. The new post is part of GLG’s macro relative-value team, which is led by GLG chief investment strategist Jamil Baz and new hire Sudi Mariappa.

Ind will manage a total return strategy at GLG. At Russell, he led a $6 billion multi-asset team.

Ind’s new fund, set to launch in the next several weeks, will invest across asset classes to achieve returns of 5% over Libor.

“Ind’s experience will be invaluable as we seek to deliver a compelling proposition to a segment of the market currently dominated by a handful of players,” GLG’s U.K. retail chief, Richard Phillips, said.


In Depth

Q&A: Omni Macro Fund Bullish On India, Watching China

Mar 4 2015 | 3:35pm ET

Omni Macro Fund was formed in 2007 by Stephen Rosen, previously a prop trader at...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Managing Diversification And Drawdowns In The “New Normal”

Mar 5 2015 | 2:42pm ET

In 2008-2009 diversification alone failed to provide adequate risk management for...

 

Editor's Note