New Risk Chief At Man AHL

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.

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