Sunday, 29 November 2015
Last updated 2 days ago
Sep 29 2010 | 12:56pm ET
The Man Group has launched a UCITS III-compliant European fund of hedge funds.
The new Man Long/Short Europe fund will feature between eight and 12 underlying managers. The fund of funds itself will be managed by Robin Lowe, head of multi-manager long/short equities at the firm.
Man is “uniquely placed in terms of bringing forward top long/short talent in Europe and offering investors access to a breadth of funds which would be unavailable in the UCITS III universe alone,” Mark Chambers, head of sales management for Europe, said.
The new fund charges 1.5% for management and 10% for performance, with a €1,000 minimum investment requirement and weekly liquidity. RBC Dexia was named administrator and custodian.
The long/short Europe fund is Man’s second UCITS hedge fund. It launched a regulator-friendly version of its flagship AHL strategy last year.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…