UK - Henderson Global Investors has hired a five-strong currency team from the investment banking arm of Fortis in a bid to boost its fixed income capability.
The team includes head of currency management Bob Arends; senior portfolio managers Dennis van den Bosch and Bernd Kraan; and portfolio managers Brieuc de Hults and Jill Rootsaert.
The currency team will be based in London for approximately six months before moving to Henderson's Amsterdam office.
Commenting on the team's appointment Sheth said: "In a climate where available leverage is expensive, correlations are high and liquidity is at a premium, the opportunity for currency as an asset class in its own right will be advantageous in 2009 and beyond. Bob and the team are recognised as being one of the strongest and most experienced in the industry.
"In fixed income there is a growing need to offer a product which has scale, liquidity and capacity. So, the team which has more than 10 year's experience of currency management will be joining Henderson to develop a G10 and EM currency offering alongside our other fixed income capabilities."
Mitesh added: "We have built a strong and diversified fixed income franchise, spanning credit, EMD, loans, ABS and interest rates over the last four years under David Jacob, now Henderson Global Investors' chief investment officer.
"To add a strong currency desk really allows us to develop a truly diversified and scaleable product for our fixed income clients. In a world that is witness to increasing correlation across asset classes a currency offering matches our strategic intent of providing our clients high value-add, independent, uncorrelated investment products."
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There have now been a total of 47 buy-in and buyout deals of over £500m announced since 2007. The full list, provided courtesy of LCP, is as follows...