London-based asset manager Algebris Investments has hired Abbas Ameli as portfolio manager within its macro team led by Alberto Gallo.
He will be a portfolio manager on the $817m (€686.9m) Algebris’ Macro Credit fund. Prior to that, Ameli was at Amundi where as a portfolio manager, he covered emerging market bonds and currencies.
Formerly, Ameli served at RBS Markets & International Banking where he covered CEEMEA fixed
income strategies. He began his financial career as a G10 forex strategist at RBS.
Gallo said: “Abbas’ expertise in emerging markets will be a great addition to Algebris, enhancing our capacity
to generate returns globally. The future will be increasingly challenging for investors, as markets will learn to walk without the holding hand of central bankers.
“The unconditional search for yield we have seen over the past years may end with a return of volatility. With a range of long and short strategies across equities, credit, interest rates and currencies, our macro fund has the flexibility and expertise to outperform in such an environment.”
Ameli commented: “As asset market valuations become stretched, it is crucial to have a flexible approach to seeking returns. Global macro conditions are healing, but there are pitfalls: these include a change in direction by global central banks and rising geopolitical risks.”
Algebris manages over $12bn (€10.9bn) in assets.