Pacific Asset Management (PAM), part of Sir John Beckwith's Pacific Investments Group, has appointed former Aberdeen Standard Investments (ASI) G10 macro rates team, with plans to launch a fund by the end of the year.
The team is led by investment directors Shayne Dunlap and Richard Marshall, alongside portfolio manager Oleg Gustap.
The trio joined Standard Life Investments in 2015, which merged with Aberdeen AM last year to become ASI, and were responsible for running the former Ignis Absolute Return Government Bond fund, after previous managers Russ Oxley, Paul Shanta and Adam Purzitsky left to join Old Mutual Global Investors in 2014. The fund subsequently closed in December 2017.
Prior to ASI, Dunlap and Marshall worked together on Mizuho's proprietary trading desk for 15 years, specialising in relative value trading of G10 interest rates and FX.
Matt Lamb, CEO of PAM, commented: "This sort of team comes along very rarely and are a strong fit with what we are trying to do at PAM.
"We want to offer differentiated products to the market, which are hard to industrialise and replicate as a strategy.
"Clients continuously tell us they are looking for liquid, diversifying strategies for their portfolios, as traditional assets continue to make all-time highs."
Dunlap added: "From the outset, we wanted a home where we could focus on our core skill - investing - this is exactly what PAM is providing.
"PAM has a very clear idea of what being a craft manager means, how to deliver differentiated outcomes to clients and how to grow the business in the right direction."
PAM was founded in November 2016 and launched a range of multi-asset funds the following January, investing across active, passive and smart-beta strategies.
The firm subsequently unveiled an emerging markets fund for Matt Linsey's EM specialist firm North of South Capital in October 2017.
Pacific Investments Group was founded in 1994 by Sir John Beckwith CBE and Mark Johnson. It has founded a number of asset management businesses over the past 20 years, including Liontrust, Thames River Capital, River & Mercantile, Nevsky Capital and Europa Capital.