Sunday, 29 May 2016
Last updated 1 day 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.