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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…