Man Group Becomes Signatory To UN PRI

Sep 20 2017 | 8:28pm ET

Global hedge fund management company Man Group has become a signatory to the United Nations-supported Principles for Responsible Investment (UN PRI) as the company elevates its commitment to responsible investing enterprise-wide.

Two of Man’s investment businesses were already signatories of the UN PRI, with discretionary manager Man GLG joining in 2012 and systematic equity manager Man Numeric singing in 2014, according to a statement. The company will now implement the Principles across all five of its investment businesses – Man AHL, Man Numeric, Man GLG, Man FRM and Man Global Private Markets.

Founded in 2005, the PRI is a global network for investors committed to integrating environmental, social and corporate governance (ESG) considerations into their investment practices, ownership policies and business strategies. The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice. 

Man Group’s adoption of the UN PRI comes close on the heels of the June 2017 appointments of Steven Desmyter as head of responsible investment and Jason Mitchell as its sustainability strategist. 

London-based Man Group, which traces its heritage back to the 1783 founding of a sugar coop and brokerage company by James Man, manages nearly $96 billion through its five investment management businesses. It is the largest listed hedge fund manager in the world.  

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