Man hires head of forex for AHL

Man Group has hired a foreign exchange veteran for its $21bn (£13bn) flagship fund AHL, as the hedge fund manager tries to revive performance at its key computer-driven unit. Ravi Chari, who has worked for 12 years in systematic trading at hedge funds, joins Man from computer trading firm IKOS, where he headed its futures and foreign exchange funds, Man said yesterday. He will work alongside David Denison, the current head of foreign exchange at AHL, which employs around 130 people.