Man Sees Rebound For Funds Of Funds

Mar 12 2013 | 12:58pm ET

The Man Group's new fund of hedge funds chief is bullish on the beaten-down sector.

Keith Haydon, named chief investment officer of Man's Financial Risk Management unit when new Man CEO Emmanuel Roman elevated former FRM CIO Luke Ellis to Man's presidency, said the firm expects its multi-strategy funds of funds to enjoy their best year in four in 2013.

Haydon said that Man's internal analysis suggests an 8.5% return for the funds this year. The funds haven't done that well since 2009, when the largest jumped 13%. It rose just 1.8% last year.

"We've got reasons to think that central banks are beginning to back off quantitative easing," he explained to Bloomberg News. "And there's a slightly more positive growth picture, a more heterogeneous one."


In Depth

Q&A: Brevan Howard’s Charlotte Valeur Talks Strategy

Sep 18 2014 | 11:18am ET

Charlotte Valeur chairs the board of Brevan Howard Credit Catalysts, an LSE listed...

Lifestyle

Hedgies Rock Out For Children's Charity

Sep 15 2014 | 8:40am ET

It's that time of year again—when hedgies trade in their spreadsheets for guitars...

Guest Contributor

Volkered: How Financial Sector Reforms are Creating Opportunities for Hedge Funds

Sep 16 2014 | 11:28am ET

New regulations have dramatically curtailed proprietary trading activity in investment...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

September 2014 Cover

The London Whale: Rogue risk management

Credit default swaps brought down the London Whale and cost JPMorgan $6.2 billion. Here is how it happened.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.