Thu, Apr 24, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Man Group announces Luke Ellis as new head of multi-manager business

Tuesday, August 24, 2010
Opalesque Industry Update - Man has announced today that Luke Ellis is to become Head of Man’s Multi-Manager business.

Luke has over 25 years of investment management experience. He has held a number of senior positions including Managing Director at Financial Risk Management (FRM) and Head of JPMorgan’s Global Equity Derivatives and Equity Proprietary Trading businesses. Latterly Luke has been non-executive chairman of GLG’s Multi-Manager business and manager of the GLG Multi Strategy Fund.

Luke will be responsible for continuing to build out Man’s Multi-Manager range of investment solutions for private and institutional clients, and further developing Man’s leading position in structured products, funds of funds, managed accounts and tailored portfolios.

Peter Clarke, Chief Executive of Man, comments: "I am delighted that Luke will be joining Man to head our Multi-Manager business, bringing with him a long and distinguished track record in investment management, both in trading markets and allocating capital to underlying managers. Luke's experience and relationships will be invaluable in continuing to drive our focus on providing comprehensive, tailored investment solutions to Man's investors globally."

“Luke will be succeeding Herbert Item, who is retiring after 13 years at Man, during which time he has played a key role in the successful development of the Multi-Manager business. Our thanks and best wishes go to Herbert for his professionalism and commitment to Man over many years."

Luke Ellis comments: “Investor demand for intelligently constructed and managed portfolios of hedge funds continues to grow. The future of the multi-manager industry will be all about addressing specific client needs with a range of services, from ready made portfolios to direct access through managed accounts to risk analysis and management. Man’s Multi-Manager business brings together tremendous depth and expertise in manager selection, managed accounts and risk management. This is a period of great opportunity and I am thrilled at the prospect of leading this business.”

About Luke Ellis
Luke was Managing Director of Financial Risk Management (FRM) from 1998 to 2008. Over this time the business grew from $150 million assets under management, with 12 employees in one office, to managing $15 billion with 250 employees in five offices across the world.

Prior to joining FRM, Luke was a Managing Director at JPMorgan in London, responsible for building the firm’s Global Equity Derivatives and Equity Proprietary trading business.

Most recently, Luke has been non-executive chairman of GLG’s Multi-Manager business and manager of the GLG Multi-Strategy Fund. Under applicable legislation Luke will assume the role of Head of Man’s Multi-Manager business when the proposed acquisition of GLG by Man either closes or terminates. Corporate website: Source

- FG

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. …And Finally – Flight attendant has passengers rolling in aisle[more]

    From Orange.co.uk: A video of a US flight attendant turning her safety talk into a comedy routine is proving a huge hit online. More than five million people have watched the clip of Marty Cobb which has her passengers rolling with laughter on a Southwest Airlines flight to Salt Lake City.

  2. Niche Investing – Wealthy investors flock to fine art funds[more]

    From Clickorlando.com: Wealthy investors looking to diversify beyond stocks and bonds are now turning to an unusual money-making vehicle -- the art investment fund. The name says it all: These funds invest in fine art and seek returns by acquiring and selling high-end pieces for profit. Growth

  3. Opalesque Exclusive: Rainwater and Blue Sky - an Australian water fund emerges[more]

    Bailey McCann, Opalesque New York: Financial reporters often tout new funds and investments as uncorrelated investments, but few can say they are uncorrelated to everything but weather. Enter Blue Sky Alternative's water fund which invests in the permanent rights to Australia's water. Sev

  4. University of Michigan allocates $242m to six managers[more]

    From PIonline.com: University of Michigan, Ann Arbor, invested or committed a total of $242 million to one traditional equity manager and five alternative investment funds from its $9 billion endowment. University regents approved the hire of Mittleman Investment Management to run $35 million in act

  5. Performance – Odey flagship hedge fund suffers brutal March as shorts rise, Blackstone first-quarter profit rises 30% on higher fees[more]

    Odey flagship hedge fund suffers brutal March as shorts rise From Valuewalk.com: The tide has turned for the worse for one of Europe’s best performing hedge funds. Crispin Odey’s flagship hedge fund, Odey European has suffered a 4.63% decline for the year after slipping 7.2% in March, ac