MOVES-Man GLG hires ex-Perry Capital exec for new distressed credit hedge fund

LONDON, Feb 9 (Reuters) - Man Group (LSE: EMG.L - news) 's GLG unit has hired former Perry Capital executive Himanshu Gulati to manage a distressed investment hedge fund the firm plans to launch later this year.

Gulati joins the London-listed group after nine years at Perry Capital where he was responsible for distressed credit and special situations investments, the firm said in a statement on Monday. He joins as the head of U.S. distressed credit investments and will be based in New York.

Gulati will report to Man GLG's co-chief investment officer Mark Jones. (Reporting by Nishant Kumar; Editing by Carolyn Cohn)