Sunday, 1 February 2015
Last updated 2 days ago
May 3 2011 | 1:09pm ET
The Man Group has raised US$1.5 billion for an open-ended fund in Japan: Nomura Global Trend.
Peter Clarke, Man, chief executive, said,“The outstanding success of this open-ended fund launch is due to its appealing and innovative structure, and the commitment and expertise of the teams at both Man and Nomura.”
Nomura, the Japanese bank, marketed the fund primarily to its high-net-worth clients, reports HedgeFund.net, which says the fund launch was delayed “for a few weeks” by the recent turmoil in Japan.
The fund has three share classes: yen-denominated; Asian currencies (including the Chinese renminbi); and resource currencies, like Australia and Brazil.
The Man Group, with $69 billion in assets under management, is the world’s largest hedge fund firm, thanks to its 2010 acquisition of GLG Partners.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…