OMGI brings EMD fund in-house; introduces derivative use

Giving manager extra flexibilities

Old Mutual Global Investors has announced John Peta, head of emerging market debt, will take over as fund manager of the Old Mutual Emerging Market Debt fund as it brings the product in-house.

The $168m fund was previously managed by Stone Harbor Investment Partners but will be taken over by Peta on 21 January 2016. Peta joined OMGI in March 2015 as manager of the Old Mutual Local Currency Emerging Market Debt fund. He previously worked at Columbia Threadneedle as head of EMD. How to exploit emerging market panic and energy weakness OMGI has also made changes to Peta's two funds which will allow him to use derivatives and give Peta greater freedom in portfolio management. These changes will also come into force on 21 January, subject to regulatory approval. The firm h...