Man’s Osses Managing Emerging-Market Fund With American Beacon

Guillermo Osses, who joined Man Group Plc., the world’s largest publicly traded hedge fund firm, in January, is managing a new emerging-market fund with American Beacon Advisors Inc.

The fund invests in currencies, local interest-rate market and foreign-currency debt in developing nations, American Beacon, which manages $51 billion, said in statement Monday. Man Group,  which oversees $79 billion, is the sub-adviser of the American Beacon GLG Total Return Fund.

Osses joined Man Group as head of emerging-market debt strategies after leading the team managing developing-nation assets at HSBC Asset Management for five years. He previously worked at Pacific Investment Management Co.

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