Man Group Raises $1.5B For Japan Fund

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.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of