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Man Group launches Capital Asset Solutions Initiative

Thursday, January 13, 2022
Opalesque Industry Update - Man Group, the global, technology-empowered active investment management firm, today announces the launch of a new initiative, Capital Asset Solutions ('CAS') within Man Solutions Limited. The initiative is led by new hires Dan Robinson and Stephan Muecke, who are based in London.

The CAS initiative will combine the breadth of Man Group's investment capabilities across global credit markets with specialised expertise in regulation, product structuring and liquidity management to build solutions for clients operating in complex, regulated markets. The focus is predominantly on the global retirement services and savings market distributed through insurance, pension fund and wholesale channels.

The CAS initiative will develop and manage an institutional investor focused multi-asset credit strategy that dynamically allocates to both liquid and private markets across Man Group.

In addition, CAS will strategically partner with insurance firms to deliver tailored and flexible solutions focused on both liabilities and asset management that will look to help them improve their competitiveness, increase their resilience and grow. This will involve providing insurers with flexible capital, either through direct investment, reinsurance or other forms of balance sheet enhancing transactions, as well as leveraging Man Group's sophisticated asset management capabilities.

All of these solutions will be provided within Man Group's existing prudential regulatory framework.

Dan Robinson joins the firm from CIFC Asset Management, where he was the CIO of their European business. He brings over 20 years of experience managing credit strategies across hedge funds and private equity, including three years at Apollo Global Management, where he was Head of Liquid Credit (Europe), and twelve years at Oaktree Capital. Dan joins as Managing Partner of Capital Asset Solutions.

Stephan Muecke joins the firm from Swiss Re. He brings over 15 years of experience in private equity, M&A, and liability solutions in the regulatorily complex insurance space and has held several senior asset management and insurance strategy roles throughout his career. Prior to Swiss Re, Stephan spent time with Oaktree Capital and Merrill Lynch. Stephan joins as Managing Partner of Capital Asset Solutions.

The duo bring with them more than 35 years of asset management and insurance experience combined. They will be joined by a team of industry professionals experienced in providing asset management and capital solutions in regulated markets.

Luke Ellis, CEO, Man Group, said: "Substantial structural change in both global asset management and global insurance markets over the past decade has starved insurers of yield and created a more complex regulatory environment. By leveraging Dan and Stephan's significant expertise, and combining it with our established alternative investment platform, we think we are well positioned to provide innovative asset, portfolio and capital solutions for insurers and in related product areas. The markets we are targeting are vast, so there is scope to create a scalable insurance asset management business and we are looking forward to building out our capabilities in this area."

Dan Robinson, Managing Partner, CAS said: "We believe there is a huge opportunity to match the needs of investors in complex regulated markets, like insurance, with investment products optimised for their return, liquidity and regulatory needs. The sophistication and breadth of Man Group, especially in credit, technology and bespoke solutions, in conjunction with a commitment to provide capital, represent a very compelling offering across our target markets in our view. This requires an integrated approach and we are very excited to add our specific expertise in delivering these solutions to clients."

Stephan Muecke, Managing Partner, CAS said: "In our opinion, Man Group is ideally positioned to establish itself as a strategic partner for insurance companies globally by integrating insurance and asset management capabilities. Fundamental to its new insurance strategy will be the ability to deploy flexible capital throughout the cycle and - in combination with our capital efficient asset management solutions - enable our partners to navigate the increasingly competitive insurance market. We are also delighted to be providing clients with access to attractive risk pools through investment solutions at the intersection of the insurance industry and capital markets."

As at 30 September 2021, Man Group had $139.5 billion in funds under management.

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