Thursday, 23 October 2014
Last updated 25 min ago
Oct 19 2010 | 1:41am ET
The Man Group, fresh from its acquisition of GLG Partners, is preparing to put its new stable of hedge funds to work for its old one.
Man CEO Peter Clarke said the London-based hedge fund behemoth will launch its first product combining GLG funds and its own flagship, AHL, early next year. The two firms completed their US$1.6 billion merger on Thursday, creating a firm with some US$63 billion in assets.
"The markets remain a little bit volatile and investors are still a bit cautious about applying risk capital to their portfolios, but this is a fantastic product and in the long term I think will be a mainstay of the Man product offering," Clarke told Cantos.
The new GLG-AHL product will debut in the first quarter.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
Most traders agree that proper risk management is the key to successful trading. However, many traders depend on the deeply flawed measure of standard deviation as a benchmark of risk. Here we put it ...