Sunday, 24 July 2016
Last updated 1 day ago
Jun 22 2011 | 8:45am ET
Man Group has launched a fund of UCITs funds which is being managed by the firm’s chief investment officer, Luke Ellis.
The new vehicle, the Man GLG Multi-Strategy fund, will invest in 10 to 15 of the firm’s own UCITs funds, and has to-date garnered €100 million in committed capital.
“This multi-strategy UCITS fund incorporates the best investment talent from both GLG and AHL teams, with a fund structure that so many investors in Europe and beyond are looking for,” said Ellis. “We’re encouraged by initial fundraising and are looking forward to driving returns for our clients through this new innovation.”
Last year Man Group acquired GLG Partners for $1.6 billion. The move makes Man group the larges hedge fund with approximately $69 billion in assets under management.