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GLG strengthens bond team with ECM hire

GLG strengthens bond team with ECM hire

GLG has recruited Andy Li as co-manager of its £540 million Strategic Bond and £126 million Global Corporate Bond funds.

Li will work alongside Steve Roth and Jon Mawby (pictured), also an ECM alumnus, on the two funds as well as the offshore Flexible Bond and Global Investment Grade Bond funds.

At ECM, Li was lead portfolio manager of the ECM Diversified Financials Europe fund and co-manager of the ECM Absolute Return Credit fund.

‘Building out our fixed income platform is a strategic focus for the business and we are seeking to enhance our resource in this area in line with growing demand for our strategies, commented Teun Johnston, co-CEO of GLG.

‘From Jon’s first-hand experience of working with Andy we know he has the ability to further strengthen our fixed income capability and we are very pleased to welcome him to GLG.’

The GLG Strategic Bond fund has swelled significantly recently, from around £150 million at the end of last year to more than £500 million.

Since launch in November 2011, it has returned 31.3% compared with an average of 18.3% from its IMA Sterling Strategic Bond sector.

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