GLG has hired James Ind from Russell Investments to help manage a total return fund which will be launched later this summer.
Ind will be part of the GLG macro and relative value team, headed by Jamil Baz and Sudi Mariappa.
The aim of the new GLG fund will invest across a range of different asset classes within a strict risk framework.
Prior to his new position Ind was at Russell for eight years and has also worked at Merrill Lynch and Mercury Asset Management.
GLG head of UK retail Richard Phillips, says: “James’s appointment to the macro and relative value team will further enhance our expertise in this area and his experience will be invaluable as we seek to deliver a compelling proposition to a segment of the market currently dominated by a handful of players.”
Baz and Mariappa joined GLG from Pimco earlier this year.