Ex-M&G bond manager Riddell to join Allianz GI

To run two funds from November

Allianz Global Investors has hired former M&G bond manager Mike Riddell as UK fixed income portfolio manager.

Riddell, who was part of the group's Bond Vigilantes team, exited M&G in July after 12 years to "pursue another opportunity". He will join Allianz on 1 October and take over the group's £970m Gilt Yield and £71m Sterling Total Return funds on 30 November. These funds are currently managed on an outsourced basis by PIMCO managers Mike Amey and Ketish Pothalingam, respectively. At M&G, Riddell was responsible for the £703m Gilt & Fixed Interest Income, the £32m Global Government Bond and the £368m Index-Linked Bond funds. Riddell (pictured) will report to Mauro Vittorangeli, CIO for ...