The combined team will focus on leveraging ideas and insights from the constantly changing factors that determine how the sovereign fixed income markets move.

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The company has said that the objective of the combined team is to give them broader sources of return and lower risk-taking correlation that, in turn, will help them in generating alpha for their clients.

Most recently, Salman Ahmed worked as the head of Global Macro at EDF Trading, before which he had spent three years at Goldman Sachs International as a global economist.

"Emerging market risks are increasingly driven by developed market cycles. You only have to think of the contagion from the US credit crunch and Europe’s sovereign debt problems. We feel that a division between developed and emerging markets no longer makes sense for investors," said Gregor MacIntosh, who leads the new Global & Emerging Fixed Income team.

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