Friday, 31 October 2014
Last updated 13 hours ago
Nov 26 2012 | 12:09pm ET
The Man Group has turned to an experimental new strategy to help turn around its struggling flagship.
The firm has moved about 10% of its AHL program's assets to a new strategy, internally called "evolution." That strategy is up 18% this year and rose 16% last year, the Financial Times reports.
Evolution is currently managing US$1.5 billion of AHL's US$16.3 billion. The strategy trades about 100 different instruments, focusing on those which have had little correlation to traditional markets and which have shown little impact from the moves of major central banks.
AHL has lost 12% since quantitative easing began in 2009.
Man has been working on new ideas since then, but has only recently begun to "ramp up" its allocations to the strategy, according to the FT.
Sep 22 2014 | 4:15pm ET
"I tell people that everybody likes good news and so if you have good performance that’s wonderful,” explains Mike McKitish of Peddie School's endowment, “but it’s the people that want to talk about the bad news or where they drifted and how they came back and how they stayed to their discipline…” that he wants to hear from. Read more…
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