MONEY MANAGEMENT

Man GLG names 2 portfolio managers

Firmino Morgado and Filipe Bergana will join Man GLG's London office as portfolio managers.

Whether the positions are new could not be learned by press time.

Messrs. Morgado and Bergana are portfolio managers at European equity-focused money manager W4i Investment Advisory, which was founded by Mr. Morgado in January 2015, said a Man GLG news release.

Subject to regulatory approval, W4i investment strategies focused on European assets will also move to Man GLG, forming part of its long-only offering and leveraging the firm's institutional infrastructure and global distribution capabilities, the news release said.

Prior to W4i, Mr. Morgado spent 12 years at Fidelity International, focusing on European and Iberian equity strategies. Mr. Bergana, who joined W4i in April 2015, was previously at Och-Ziff Capital Management Group and prior to that, Fidelity International.

“(Messrs. Morgado and Bergana's) European equity expertise will be highly complementary to Man GLG's existing European team and will benefit from our global infrastructure and resources,” said Teun Johnston, CEO of Man GLG, in the release.

Mr. Morgado added in the release that joining Man GLG “provides a compelling opportunity for us to combine our fundamental approach to investing with the firm's infrastructure and global resources.”

GLG Partners was acquired by Man Group in 2010 and renamed Man GLG. It has $26.7 billion of assets under management across long-only and absolute-return strategies.

A spokeswoman declined to comment beyond the news release.