BGI hires in fixed income ahead of hedge fund launch

Barclays Global Investors (BGI), the San Francisco-based asset management arm of Barclays Bank, has made four hires in its fixed-income department in anticipation of the launch of new long/short fixed-income products fund.

Heather DeGarmo joins from Goldman Sachs Asset Management (GSAM) as portfolio manager for the European long/short credit fund. Her remit will be to pick opportunities in the European crossover and high-yield markets. At GSAM she was responsible for managing the corporate portion of its global and European portfolios.

John Maskell is the new head of interest rate strategies. He will lead a team of five with responsibility for interest rate investment activity across BGI’s existing range of funds. He joins from Barclays Capital, where he was head of European rates strategy.

Allan Lane joins as European head of the fixed-income investment technology and analytics team, responsible for building a trading platform that will be used to identify relative value and trading opportunities within interest rate and credit derivatives. Previously, he was global head of quantitative research at Royal Bank of Scotland.

Finally, Sebastien Guglietta joins as a senior portfolio manager with responsibility for interest rate and volatility strategies. He was previously head of a quantitative arbitrage hedge fund. The hires all fill new roles within the department and they will report to Tim Webb, head of fixed-income advanced strategies at BGI.

BGI said the hires will support both BGI’s existing range of funds as well as its new long/short fixed-income products. The company is targeting demand from liability-driven investors for investments that capture alpha and beta independently.