Sat, May 25, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
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

Article link

What do you think?
   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Banner
Today's Exclusives Today's Other Voices Banner More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: Endurance Series Trust launches first mutual fund, multi-series trust[more]

    Bailey McCann, Opalesque New York: Endurance Series Trust, a multi-series trust, is launching with Gator Capital Management, LLC as the adviser for the Trust’s first mutual fund series. Endurance Fund Services, LLC, an independently owned and operated fund administration company will serve as t

  2. Morgan Creek Capital Management to acquire Signet Capital Management[more]

    Bailey McCann, Opalesque New York: Investment firm Morgan Creek Capital Management has acquired Signet Capital Management a UK-based credit fund of funds with $700M in assets under management. Under the agreement, Signet will contribute its funds and senior investment management team to Morgan Creek

  3. North America – Students are launching hedge funds on colleges across America[more]

    From Valuewalk.com: …From Cornell, whose student-run hedge fund beat Wall Street returns to the University of Michigan, which allows its students to manage as much as $250,000, student hedge fund are becoming a more prominent part of financial education. Their success has attracted the attention of

  4. Comment – Can hedge funds survive Bernanke?[more]

    From Bloomberg.com: …The biggest reason for the market tranquility might be the Federal Reserve's repeated assurances that it will maintain zero interest rates and provide monetary stimulus until the economy recovers, and unemployment ebbs. That may just account for the recent flurry of storie

  5. Niche Investing in Wine - Champagne: There has been relatively little research in this area as the market is still quite opaque - most of the top Champagne producers still refuse to publish annual production figures, for example. However, the top vintage Champagnes are generally produced in larger volumes than many of their red wine co
Click here for More about Opalesque Tracking
- A new, unique Premium Service -
  1. New Zealand
  2. Aspiring
  3. wine investment
  4. Commodity Strategies
  5. Penrich
  1. ubs
  2. people
  3. Anchorage
  4. pioneer
  5. MS