Riddell Pilots $1.6 Billion Ex-Pimco Gilt Funds Eyeing Fed
- Mike Riddell due to take over at Allianz unit next month
- He favors basing decisions on global rather than U.K. economy
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When Allianz Global Investors’s new fund manager for U.K. government bonds decides what to buy, Britain’s economy isn’t even one of his top-three considerations.
Mike Riddell, who joined AGI last week from M&G Group Plc, says gilts tend to be influenced by the global rather than the domestic economy, even though the U.K. is home to one of the world’s biggest financial centers.