Wed, Jun 19, 2013
A A A
Welcome Guest
Free Trial RSS
New! Family Office and Investor Database with 11,750 contacts
Industry Updates

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.

Source

kb

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. SWF Institute rankings: total sovereign wealth funds' assets amount to $5,473bn[more]

    Benedicte Gravrand, Opalesque Geneva: - According to the SWF Institute's latest Sovereign Wealth Fund Rankings, the total amount of sovereign wealth funds' asset under management is now $5,473bn, to which oil and gas relate

  2. A bad week for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: - The Japanese stock market got inflated by 80% in six months following Shinzo Abe’s appointment as Prime Minister in December 2012. Indeed, Abe almost immediately launched monetary policy, fiscal policy and economic growth strategies (two points of a three-poin

  3. Mariner’s incubation platform takes on new volatility arbitrage fund[more]

    Benedicte Gravrand, Opalesque Geneva:- Mariner Investment Group, a $10bn alternative asset manager headquartered in New York which launched an

  4. Are we rotating yet? If we do, will it matter?[more]

    Bailey McCann, Opalesque New York: Market participants have long been looking for the "great rotation," out of fixed income, which has been in the works for several months according to some forecasters. Yet, inflows to both fixed income and equities have largely remained unchanged in any real way.

  5. An oil sands index: It also provides institutional and retail investors with a benchmark that tracks the growth of one of the largest reserves of oil in the world, and gives hedge funds and index traders the opportunity and ability to actively trade the industry and apply arbitrage strategies.