Nick Granger will join Pacific Investment Management Co. as managing director and portfolio manager, quantitative analytics, at the company's headquarters in Newport Beach, Calif., in the first quarter of 2020.
In this new position, Mr. Granger will lead PIMCO's quantitative investment team and work with the firm's 255 portfolio managers, confirmed company spokeswoman Agnes Crane in an email.
Mr. Granger will report to Mihir Worah, managing director and chief investment officer-asset allocation and real return.
"We are thrilled that Nick brings to PIMCO extensive experience in developing and managing quantitative strategies across asset classes and styles, which will enable us to build on our deep expertise in quant," said Daniel Ivascyn, managing director and PIMCO's group CIO, in a news release.
Mr. Granger was CIO of Man AHL, a division of Man Group, as well as a portfolio manager of the unit's Dimension systematic multistrategy investment program. He took a sabbatical in the autumn of 2018 and decided not to return to the firm, said spokeswoman Megan Ingersoll in an email.
Matthew Sargaison, co-CEO of Man AHL, who assumed Mr. Granger's duties as CIO when he left, will continue to serve in both positions.
Thomas Flury, head of machine-learning research and deputy head of research at Man AHL, and Paul-James White, head of portfolio research for the unit, took over as co-portfolio managers of the systematic strategy in Mr. Granger's absence and retained the positions, Ms. Ingersoll said.
PIMCO managed $1.8 trillion as of June 30. The amount managed in quantitative strategies is not available, Ms. Crane said.
Man AHL managed $29.9 billion as of June 30. Man Group managed $114.4 billion as of the same date.