People moves

GLG hires ex-Pimco chief in fixed-income hedge fund drive

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GLG, the investment manager division of the publicly quoted Man Group, has hired a senior former executive at US-based bond giant Pimco to boost the expansion of its activities in the fixed-income asset class.

Sudi Mariappa is joining the firm to manage its absolute return fixed-income offering, in a move which is expected to lead to the roll-out of more products in the fixed-income hedge fund and absolute return space.

Mariappa worked at Pimco from 2000 to 2010 and became a managing director of the California-headquartered firm in 2003. He ran the global portfolio team until 2008 and