Friday, 25 July 2014
Last updated 17 hours 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.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…