Absolute return specialist James Ind has left Barings after two years with the group, with former deputy manager Merrick Styles taking over his fund, Citywire Selector has learned.
Ind was then named as lead on the Baring Dynamic Absolute Return fund, which was launched as a Dublin-domiciled vehicle last summer.
It is understood that Ind stepped down earlier this month. It was not disclosed whether he intends to stay within fund management.
His departure means that Styles has been formally named as lead on the fund, with Matthew Whitbread continuing to serve in a support role. The fund has $15.4 million in assets under management.
Over the three months to the end of August 2017, the fund returned 0.3% in euro terms, while the average manager in the Alt Ucits – Multi-Strategy sector lost 0.5%.