Man Wins Big Managed Accounts Mandate

Mar 8 2011 | 12:43pm ET

Germany's largest public pension fund is giving the Man Group a big vote of confidence with a  €1.2 billion allocation to the firm's managed account programs.

The €50 billion Bayerische Versorgungskammer will begin allocating the money to Man over the course of the year. The pension is retaining the right to choose which managers Man invests its money with, as well as how its portfolio will be built.

"To be awarded a large mandate by a pension fund as progressive and sophisticated as BVK is a huge achievement for Man and testament to the strength of our managed account offering," CEO Peter Clarke said.

"We undertook a rigorous selection process for our managed account platform provider," BVK deputy head of alternative investments Dajana Brodmann said. "Man impressed us with the depth of their expertise, their long-standing experience with managed accounts and robustness of their risk management process."

Man no doubt hopes the BVK investment will help it to stem outflows, which it has continued to suffer even as the hedge fund industry as a whole has begun to rebuild its asset base. The firm suffered US$1 billion in net redemptions in the fourth quarter, all of it due to a single investor's decision to redeem more than US$1 billion.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    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…

Publisher's Note