Old Mutual hires former New Star alternative investments head

Old Mutual Global Investors has bolstered its alternatives investment team, hiring Donald Pepper as managing director of alternative investments.

Pepper, once head of alternatives at New Star Asset Management, will report to Warren Tonkinson, head of distribution at OMGI. Paul Simpson, head of alternatives, will continue to lead the investment side of the alternatives business. Julian Ide, CEO of Old Mutual Global Investors, said: "Donald will bring enhanced strategic leadership to the non-investment side of Old Mutual Global Investor's Alternatives business. "We have completely reinvigorated our distribution teams in 2012 and Donald will make a significant contribution to the growth of our business." Pepper joins Old Mut...