Man GLG has added James Houlden as a co-manager on Jack Barrat’s Absolute Value fund.
Houlden (pictured) joined the asset manager in 2017, becoming an analyst on the £350m long/short strategy when it launched in June that year. Over the last three years the Absolute Value fund has returned 18.1%, three times higher than the IA Targeted Absolute Return average of 5.8%.
Houlden will continue to report to Barrat who remains lead manager on the fund. Barrat also manages the £1.3bn Undervalued Assets fund with Henry Dixon.
Barrat said that Houlden had shown himself to be “an extremely talented investor with an excellent eye for alpha generation”.
“This promotion reflects his deep expertise and meaningful contribution to the fund, and I am excited to work with James in this new capacity as we continue to strive to deliver returns for our clients.”
Prior to joining Man GLG Houlden worked in the equities team at UBS. He holds a BSc (Hons) Accounting and Finance from the University of Bath and is a CFA Charterholder.
Man GLG has made a number of key hires recently, poaching Blackrock vet Andrew Swan to head up its expanded Asian equities arm and more recently hiring Schroders’ Jonathan Golan for its credit team.
At the end of the first quarter Man GLG had $31.6bn (£22.7bn) in funds under management.
