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Babson Hires Gartmore Fund Manager

Babson Capital Europe has appointed Kam Tugnait as managing director.

    Babson Capital Europehas appointedKam Tugnaitas managing director,Financial Newsreports. In the new role, Tugnait will co-manage a new UCITS fund focused on European high yield at Babson.

    He will work underZak Summerscalemas the head of loans and high yield. Tugnait was previously the head of high yield atGartmoreand managed theGartmore High Yield Corporate Bondfund.

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