Driss Ben-Brahim Benedicte Gravrand, Opalesque Geneva:
Driss Ben-Brahim, co-Portfolio of the Man GLG global macro fund, is to retire soon. He will continue to co-manage the Fund until October 31st, 2012, and then transition to an advisory role until the end of the calendar year, according to a client release from Zenith Investment Partners. The remaining portfolio manager, Jamil Baz, will be the sole manager of the fund after Ben-Brahimís departure.
Man Group confirmed Ben-Brahimís early retirement to the press last week. That same week, the firm announced the hiring of PIMCO's former global head of portfolio management Sudi Mariappa. The latter will manage GLGís absolute return fixed-income offering.
Zenith, an independent investment research provider based in Melbourne, says in todayís announcement that the Man GLG global macro fund will retain its "Highly Recommended" rating, due to the high level of confidence in Baz.
Baz joined GLG in 2008, the same year as Ben-Brahim. Before that, he was an executive vice-president with PIMCO, the fixed income manager, where he managed global portfolios.
The GLG Atlas Macro Fund, a Cayman-domiciled fund which seeks to select the best pos......................
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