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

'Smart Beta' Funds In Regulators' Sights, Hedgies May Be Next

Mar 26 2015 | 11:11am ET

Funds that mimic strategies used by active managers for a fraction of the cost could...

Lifestyle

Study: Both Marriage and Divorce Lead to Negative Hedge Fund Performance

Mar 25 2015 | 6:51pm ET

Trouble at home leads to trouble in the market for fund managers, according to researchers...

Guest Contributor

Concerned About Your HFT Exposure? Hedge It!

Mar 26 2015 | 1:06pm ET

High-frequency trading has been a persistent storyline for several years. The trading...

 

Sponsored Content

    Mar 9 2015 | 6:35am ET

    Kelly RodriquesKelly RodriquesAs 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…

Editor's Note