Man GLG, the discretionary investment management business of Man Group (Man), has appointed Himanshu Gulati as Head of US Distressed Credit, based in New York.

Gulati, who joins from Perry Capital, the US hedge fund business, will manage a new distressed investment strategy which Man GLG plans to launch later this year.
 
Gulati, a specialist in distressed and special situations investing, joins Man GLG after almost nine years at Perry Capital where he was a Managing Partner responsible for Distressed Credit and Special Situations investments. Prior to Perry Capital, Gulati worked at Rockview Capital, a credit focused fund. In addition, he held a prior role at Merrill Lynch within the Leveraged Finance division.
 
Gulati will report to Man GLG’s co-CEO Mark Jones.
 
Jones says: “Over his career, Himanshu has built up a wealth of experience in distressed credit and special situations investing. There is significant potential for both asset growth and acquisitions in the US, and Himanshu’s expertise in the US market will be of great importance to us. We are delighted to be adding his investment expertise to our business and I and my colleagues welcome him to the team.”
 
Gulati says: “Man GLG has a number of compelling advantages, including exceptional distribution, deep regulatory resource, strong infrastructural support with an attractive track record in building long-term sustainable enterprises and an excellent management team. I see significant investment opportunities within this investment class and I look forward to expanding the firm’s existing credit offering and continuing the growth in the US market with this new strategy. ”