Barclays Global Investors (BGI) has appointed four new senior members to its European fixed income team in advance of new product launches.
The expansion will support both BGI's existing active strategies and the development of new long/short fixed income products to meet the increasing demand from institutional investors for hedge funds.
The new long/short products will, alongside BGI's existing index fixed income funds, provide investors with the opportunity to capture independently both alpha (returns in excess of market returns) and beta (the return of the market), which is a growing requirement in institutional investment strategies, particularly liability driven investing, where BGI is a recognised market leader.
"With the largest index operation in the world and an existing hedge fund business that is a global leader in institutional assets, BGI is uniquely positioned to meet investors' increasingly complex fixed income needs," said Peter Knez, BGI's global head of fixed income. "Better still, investors who know BGI, will see in our evolving fixed income capability our continued emphasis on scientific investing and leveraging top investment talent through the application of quantitative investment technology and analytics".
Each of the new appointments will fill new roles, reporting to Tim Webb, head of fixed income advanced active strategies at BGI. They are as follows:
Heather DeGarmo has joined BGI as the portfolio manager for the European long/short credit fund. She will be working with models and credit analysts to identify investment opportunities in the European crossover and high yield markets. DeGarmo previously worked at Goldman Sachs Asset Management where she was responsible for managing the corporate portion of their global and European portfolios.
John Maskell is the new head of interest rates strategies. He will head up a team of five market specialists and will be responsible for leading the interest rates investment activities across the existing range of funds. Prior to BGI, Maskell worked for Barclays Capital where he was head of European rates strategy.
Allan Lane has joined BGI as the European head of the fixed income investment technology & analytics team. He is responsible for building the next generation of a trading platform that will be used to identify relative value and trading opportunities within interest rate and credit derivatives. Lane previously worked for Royal Bank of Scotland as the global head of Quantitative Research.
Sebastien Guglietta has joined as a senior portfolio manager with responsibility for interest rate and volatility strategies. Prior to joining BGI, he worked for BAREP Asset Management as head of a quantitative arbitrage hedge fund.
"The combined skills and experience of my new colleagues along with the depth of our existing team will create a new force to be reckoned with in fixed income," says Webb. "I am very proud to be able to welcome them to BGI and look forward to working with them in contributing to our exciting developments."