Saturday, 30 May 2015
Last updated 1 day ago
Dec 18 2013 | 3:35pm ET
The Man Group has, as promised, closed its GLG Market Neutral Fund to new investors.
The fund, formerly helmed by star trader Philippe Jabre and now managed by Steven Roth, has crossed the US$1 billion, as Man predicted earlier this year. The firm said in 2011 that it would soft-close the fund when it hit that level.
The fund once managed US$3 billion before losing more than half its value during the financial crisis. Roth said two years ago that its much-lower capacity was an indication of how the hedge fund "industry has changed."
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…