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Man Group launches multi strategy UCITS hedge fund

Wednesday, June 22, 2011

Luke Ellis
Opalesque Industry Update – On Wednesday Man Group announced that it had launched the Man GLG Multi Strategy Fund, the first result of the firm’s 2010 acquisition of GLG Partners. The multi strategy fund will give investors exposure to 10-15 of the firm’s UCITS funds including GLG and AHL strategies, and Man’s Systematic, Convertibles and Ore Hill Strategies.

The investment team will be led by Man’s multi manager division CIO Luke Ellis. The fund will allocate based on three strategy groups: equity long/short (50%-80%), risk seeking strategies (10%-35%), and diversifying strategies (5%-25%).

“This multi-strategy UCITS fund incorporates the best investment talent from both GLG and AHL teams, with a fund structure that so many investors in Europe and beyond are looking for,” said Luke Ellis in a statement released by the firm. “We’re encouraged by initial fundraising and are looking forward to driving returns for our clients through this new innovation.”

The UCITS fund, has already secured more than 100m Euros in allocation commitments.



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