Saturday, 22 October 2016
Last updated 6 hours ago
May 8 2012 | 12:24pm ET
The Man Group has reshuffled the top leadership of its flagging flagship.
The giant listed hedge fund, whose shares are trading at a 10-year low, said that Douglas Greenig would take over as chief risk officer for the $21 billion AHL strategy. He succeeds Matthew Sargaison, who was named chief investment officer.
Greenig is a mathematician who formerly worked at RBS Greenwich Capital and Fortress Investment Group.
AHL is down 7% over the last 12 months and remains about 17% shy of its high-water mark.