Ex-Gartmore man Mawby joins GLG to run bond funds
Jon Mawby from European Credit Management has joined GLG to run its £166m Global Corporate Bond and £189m Global Strategic Bond funds.
Mawby takes over management of the portfolios today (1 October), having joined GLG as a senior portfolio manager within the global credit and convertibles team.
He will report to head of credit Steve Roth, who has been lead manager on the two funds since the departure of Christophe Akel in April.
Prior to his new role, Mawby worked at Aviva Investors, Goldman Sachs and Gartmore, before joining ECM in 2005. There he was lead credit manager, focused on multi-asset class credit portfolios and sitting on the investment, sector strategy and peer group review committees.
“We conducted a rigorous search process for the right manager for these funds which form a key part of the wider GLG credit platform. With his 12 years of experience in the credit markets, track record in terms of performance and industry reputation, Jon was the outstanding candidate,” said Roth.
The Global Corporate Bond fund is top of the IMA Global Bond sector over the five years to 14 September, returning 91.9% versus a sector average of 56.3%, according to Morningstar.
Over three years it has returned 25.1% against a sector average of 20.8%.
GLG, co-founded by Pierre Lagrange (pictured) and acquired by Man Group in 2010, launched the Strategic Bond fund in November 2011.
This article was first published on Investment Week