Meanwhile, Rod Barker will be leading a new absolute return
fund management business that has been launched by Pacific Investments, the
private investment vehicle of Sir John Beckwith.
The new business, set to launch at the beginning of the second quarter of 2011, is also backed by some other well-known and influential investors. These include IPGL, the specialist financial services firm that is majority-owned by Michael Spencer, group chief executive of ICAP, together with his wife and family trusts; and Jim Pettigrew, former financial director of ICAP and chief operating officer of Ashmore, and currently a non-executive director of Hermes, Aberdeen Asset Management and Royal Bank of