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Man GLG hires Patrick Kenney and Santiago Pardo as credit PMs

Friday, July 19, 2019
Opalesque Industry Update - Man GLG, the discretionary investment management business of Man Group, today announces the appointments of Patrick Kenney and Santiago Pardo as portfolio managers within its credit business. Based in London, they will focus on global (non-US) stressed, distressed and opportunistic credit, and report into Simon Finch, CIO of Credit at Man GLG.

Patrick Kenney has more than 19 years of experience investing in credit markets. He was Head of International Credit Opportunities and Managing Director at D.E. Shaw & Co. for nearly ten years from 2003 to 2012, where he built and managed a multi-billion dollar international fundamental credit investing business. Patrick joins Man GLG most recently from Overland Advisors where he had responsibility for Global Distressed and International Credit. Earlier in his career, Patrick held analyst roles at Moore Capital Management, Tudor Investment Corporation and Wasserstein Perella, where he focused on high-yield, distressed credit and merger arbitrage.

Santiago Pardo has more than 13 years of experience investing in private and public credit, distressed credit and private equity. He was at Ashmore Group in London from 2006 to 2016, where he was a portfolio manager in the Special Situations and Corporate High Yield groups, responsible for distressed credit. He joins Man GLG from The Abraaj Group, where he helped launch a global emerging markets credit fund as a portfolio manager in Credit Strategies. Earlier in his career, Santiago held investment banking roles in New York at Goldman Sachs, Deutsche Bank and Salomon Brothers.

Simon Finch, CIO of Credit at Man GLG, said:

"Patrick and Santiago have a long history investing in credit opportunities and special situations across various market cycles. With their expertise, and sophisticated investment approach that includes quantitative risk management techniques, we believe they are positioned to take advantage of the opportunity set for distressed, stressed and event-driven credit outside of the US. We are excited to welcome them to our growing credit platform."

As at 31 March 2019, Man GLG has $33.7bn in AUM, of which $14bn is in fixed income and credit.

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