Friday, 28 April 2017
Last updated 47 min ago
Oct 10 2011 | 11:14am ET
The Man Group has launched a new fund of hedge funds that will invest in global long/short equity managers.
The new Man Long Short Fund will invest in up to 30 underlying managers.
"The fundamental justification for the long/short equity approach is not simply that tactical shifts in net exposure to equities can add value: the very existence of a 'short book' is essential to help ensure a degree of downside protection in the event of an abrupt market reversal," Robin Lowe, Man's New York-based head of equities, said.
The vehicle is a registered investment company and offers monthly liquidity. It is restricted to high-net worth investors and available only through broker/dealers and advisers, with a minimum investment requirement of $50,000.