Fabrice Bay, previously a managing director at DWS/Deutsche Asset Management, is joining GLG Partners’ London office as a portfolio manager in August 2008. He will lead the firm’s consumer fund team and will co-manage the Capital Appreciation Fund alongside Ben Funnel.

Previously, Bay was responsible for managing the €1 billion (US$1.5 billion) DWS European Dividend Plus Fund and was in charge of the management of 130/30 institutional equity products for the bank.

“Fabrice has a unique institutional and international investment skill set and an impressive track record of achieving superior first quartile performance across a wide range of products and asset classes,” said Pierre Lagrange, GLG’S founder.