Investment director at GAM Jon Rickert has left the firm to join Man Group as head of European private debt, as it seeks to expand its global private markets business, Man GPM, in the "late stage of the [market] cycle".
Rickert, who led GAM's real estate debt business for the last three years, will lead Man Group's commercial and residential real estate debt team, which is expanding its activity in euro-denominated real estate markets and lending opportunities. GAM to liquidate Haywood's suspended absolute return bond range Commenting on the move, Rickert said he and Man Group have a "shared emphasis on conservative investment positioning given we are in a late stage of the cycle". He added: "Senior secured real estate loans, particularly in the euro-area, may offer a defensive credit investment ...
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