People Moves

Man-GLG targets fixed-income as debt demand swells


Man-GLG has embarked on a major drive to expand its fixed-income asset management business amid an accelerating series of moves by new and established hedge fund managers to capitalise on burgeoning appetite among global investors for bonds.

The firm’s hiring of former PIMCO bond chief Sudesh Mariappa to head its fixed-income drive heralds a move by GLG to roll out a number of new hedge fund and absolute return products in the debt space over the coming months.

Mariappa, who worked in Salomon’s legendary bond arbitrage team and at Long-Term Capital Management before joining PIMCO in 2000, played a key