Man GLG Launches New Mid-Cap Equity UCITS Fund

Apr 7 2015 | 10:41am ET

Man GLG, the discretionary investment management business of Man Group, has launched the Man GLG European Mid-Cap Equity Alternative fund. 

The new UCITS-compliant fund will be domiciled in Ireland. It will seek to provide attractive risk-adjusted returns through both long and short investments primarily in European securities with market caps of €500m - €10bn, according to a press release.

The fund will be managed by managed by mid-cap specialist Moni Sternbach, who joined Man GLG in January after almost three years as lead manager of the Cheyne European Mid Cap Long/Short strategies.

Prior to Cheyne, Sternbach was head of European smaller companies at Gartmore Investment Management, where he worked from 2002 to 2011. He is a CFA charter holder and qualified accountant. 

Man GLG’s co-CEO Teun Johnston said: “Moni is a very experienced portfolio manager who has been investing in this segment of the European market since 2002. We believe that his expertise, combined with our robust infrastructure, will create a compelling proposition at a time when the asset class has become more inefficient and the wide dispersion of returns has created opportunities for stock pickers.” 

Originally founded in 1783, Man Group is a leading investment management business with a diverse offering in hedge funds and long only products across equity, credit, managed futures, convertibles, emerging markets, global macro and multi-manager solutions. 

As of the end of last year, Man Group had assets under management of $72.9 billion. 

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