New faces bolster GLG macro and fixed income strategies

GLG has made a raft of senior hires as part of plans to expand its absolute return macro and fixed income strategies.

The macro and fixed income team, which is co-headed by Jamil Baz and Sudi Mariappa, will see new hires Kumaran Damodaran, Brian Pinto and Richard Bateson come on board.

Damodaran joins from Pimco as a portfolio manager, focusing on emerging markets within GLG’s fixed income platform.

Damodaran, who has managed absolute return funds in the past, worked closely with Mariappa at Pimco previously.

Pinto joins from the World Bank , where he will take on the role of senior macro-economist, specialising in the emerging markets. He has spent nearly 30 years at World Bank, where is senior adviser focusing on sovereign debt, financial integration and growth in the emerging markets.

In his new role, Pinto will work closely with GLG strategist Driss Lamrani.

Bateson joins from Man AHL as a senior quantitative analyst. He heads a strategy within AHL which trades trend, reversion and value strategies across over 150 markets.

Manny Roman, CEO of GLG and CEO-designate of Man said: ‘In a world where mainstream economies and developing markets are increasingly integrated, there are tremendous opportunities for investors who want to take advantage of global capital flows while at the same time leveraging regional themes.’

Mariappa added: ‘We have already been developing a unique common research platform covering analytics and macro-economic research, which the team will use to inform their investment decisions‘.