Man Group Unveils Multi-Manager UCITs Fund

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.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...