Man Numeric Emerging Market L/S Equity Fund Said to Gain 5.5% in June

Jul 8 2016 | 10:47pm ET

One of Man Numeric’s emerging market equity hedge funds has quietly booked year-to-date gains of 7.75%, 70% of which came from a stellar performance in June.

The quantitative investment manager is owned by Man Group and employs a systematic approach to a wide range of long-only, active extension, and market neutral equity strategies. The fund in question is a long/short emerging markets vehicle with approximately $1 billion in assets, according to a Business Insider article citing an unidentified person familiar with the fund’s returns.

The fund reportedly gained 5.5% in June alone, the article said. In comparison, HFR’s HFRI Emerging Markets (Total) Index gained 1.64% in June and has returned 2.95% for the year to date. 

Founded in 1989, Boston-based Numeric was bought by Man Group for $494 million in 2014 and manages $19.4 billion, $2.6 billion of which is said to be in the company’s emerging markets group.  

London-based Man Group, which traces its heritage back to the 1783 founding of a sugar coop and brokerage company by James Man, is the largest hedge fund manager in the world with more than $78.5 billion in AUM. 

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