TORONTO, ONTARIO -- (Marketwire) -- 01/08/13 -- Man Investments Canada Corp. ("Man Canada"), the manager of Man GLG Emerging Markets Income Fund (TSX: EMY.UN) and GLG EM Income Fund (the "Funds"), announces that Sudesh Mariappa and Kumaran Damodaran will assume the roles of key co-portfolio managers with GLG Partners LP for GLG Emerging Markets Income Portfolio Ltd. and GLG Emerging Markets Income Portfolio II Ltd. GLG Partners LP is the investment manager of GLG Emerging Markets Income Portfolio Ltd. and GLG Emerging Markets Income Portfolio II Ltd. Man GLG Emerging Markets Income Fund and GLG EM Income Fund provide their unitholders with exposure to actively managed portfolios of securities (the "GLG Emerging Markets Portfolios") established and maintained by each of GLG Emerging Markets Income Portfolio Ltd. and GLG Emerging Markets Income Portfolio II Ltd., respectively.
Man Canada also announces that Bart Turtelboom and Karim Abdel-Motaal will be leaving GLG Partners LP effective January 31, 2013 to pursue other interests. Messrs. Turtelboom and Abdel-Motaal were previously the two key portfolio managers of the GLG Emerging Markets Portfolios. Man Canada would like to thank them for their contribution at GLG Partners LP over the past several years and wish them well for their future.
The investment objectives, strategy and restrictions applicable to the Funds and the GLG Emerging Markets Portfolios will remain the same.
Mr. Mariappa joined GLG Partners LP in September 2012 after a distinguished career at PIMCO, where from 2003 he ran the firm's $80 billion international fixed-income offering. Mr. Mariappa has extensive experience in managing absolute return and benchmark outperformance portfolios in the fixed income and macro space. As part of his global remit Mr. Mariappa has had significant involvement in managing emerging market portfolios.
Mr. Damodaran joined GLG Partners LP in December 2012 as a portfolio manager, having previously worked closely with Mr. Mariappa at PIMCO. Mr. Mariappa worked at PIMCO from June 2008 where he had primary portfolio management responsibility for various portfolios including certain emerging market local bond and currency funds and was a portfolio manager for the Global Advantage (GLADi) funds. Prior to joining PIMCO, Mr. Mariappa worked at Lehman Brothers and Credit Suisse where, amongst his trading responsibilities, he managed proprietary risk.
Sudi Mariappa, Managing Director said:
"I am delighted to be managing the GLG Emerging Markets Portfolios. We see significant investment opportunities within emerging markets and believe our process is well suited to capturing these opportunities."
Notes to editors:
Founded in 1995, GLG has established itself as one of the largest alternative asset managers in the world. GLG also manages an extensive portfolio of traditional long-only funds.
The culture at GLG is based around fostering top fund management talent within a teamwork based environment. This ensures fund managers have a strong platform to deliver consistent investment performance.
GLG aims to exceed client expectations through attractive investment returns, transparency and outstanding client service. The firm has received a number of awards and ratings at a company, fund and individual manager level.
-- $26.3bn in assets under management (as at 30 September 2012)-- Acquired by Man Group in Q4, 2010-- GLG has an extensive and diverse suite of investment products-- GLG's investment expertise spans all major geographic regions-- GLG seeks attractive investment returns, transparency and outstanding client service
Notice to readers:
Nothing in this announcement should be construed as or is intended to be a solicitation for or an offer to provide investment services.
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Inquiries: Man Investments Canada Corp.