Man Rolls Out Quantitative Sovereign Fund

Sep 4 2012 | 10:23am ET

The Man Group has put its flagship strategy to work on sovereign debt.

The troubled hedge fund giant teamed up with Nomura Holdings to launch the Systematic Fixed Income Fund. The new vehicle employs algorithms from Man's AHL Strategy to the low-yield environment of government bonds, hoping to profit from spot distortions and trends in the space.

Man hopes the fund, which debuted in July with $50 million in outside capital, can manage double-digit returns, following modifications to AHL designed to limit exposure to bond futures.

"Yields are also at extremely low levels," Sandy Rattray, chief investment officer of Man Systematic Strategies, told Reuters. "If you're long bonds, you certainly know what your upside is."

The Systematic Fixed Income Fund will invest in interest rate and bond futures, currencies and interest rate swaps. The vehicle, announced in April, will also trade emerging market currencies when it considers the timing right.


In Depth

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note