Man Offers UCITS Fund Of European Hedge Funds

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.

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