Sunday, 29 March 2015
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…