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Alternative Market Briefing

Man GLG hires two ex-Carmignac managers for new emerging markets equity fund

Thursday, May 07, 2015

Benedicte Gravrand, Opalesque Geneva:

Simon Pickard and Edward Cole have just joined Man GLG, the discretionary asset management arm of Man Group plc, to manage a new unconstrained emerging market equity fund.

According to Man’s announcement today, the managers gather a total of 32 years of financial markets experience, most recently at Carmignac Gestion, a European investment firm with €58bn in AuM.

At Carmignac, Pickard was in charge of the emerging markets equity strategy, and managed the Large and Mid-Cap Global Emerging Market funds for six years. Before that, he was at Jupiter Asset Management and Argos Investment Managers.

Cole also managed funds at Carmignac, and co-managed the Emerging Markets Multi-Strategy fund. Previously, he worked at Ashmore Group, Finisterre Capital, JP Morgan Securities and Unicredit.

Teun Johnston, co-Director at Man GLG, will oversee them. He said the launch of the equity strategy Emerging Markets unconstrained was a major step in the development of Man GLG’s long-only funds range.

Unconstrained investing means not following a benchmark.

Emerging-market stocks fell to a two-week low as concern grew that new initial public offerings in China will divert funds from existing shares, reported Bloomberg yesterday. The MSCI Eme......................

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