GLG Partners has promoted Jack Barrat to co-manager of its Undervalued Assets fund.
Barrat, previously assistant portfolio manager, will manage the £104m fund alongside Henry Dixon (pictured).
As part of his new role, Barrat will also co-manage the GLG UK Income fund, which Dixon took over in December 2013.
The UK-domiciled fund is a mirror of the FP Matterley Undervalued Assets fund launched by Dixon in 2008 at Matterley, the fund manager he founded.
Barrat supported Dixon in managing the Matterley fund before both managers, along with analyst Alice Owen, moved to GLG in October 2013.
Dixon said: “Jack fully deserves to have his talent and contribution to fund performance recognised through his promotion to co-manager.
"I look forward to working with Jack for many more years with the aim of delivering attractive returns for clients with the support and resources of GLG."
