Man Numeric Launches New European Equity UCITS Fund

Oct 19 2017 | 10:02pm ET

Man Group’s systematic investment unit Man Numeric has debuted a new UCITS-compliant fund that provides liquid alternative access to the firm’s European Core equity strategy. 

The new fund, named the Man Numeric European Equity fund, is the fifth UCITS vehicle for the company. It is domiciled in Dublin and will be managed by portfolio managers Greg Bunimovich, Ori Ben-Akiva and Mickael Nouvellon, according to an article in Citywire. 

The fund aims to outperform the MSCI Europe Index through a mix of quantitative and bottoms-up stock selection, the article said. Proprietary valuation and information flow models will be used to select stocks while also managing sector, country and equity-specific risks. 

Bought by Man Group in late 2014, Man Numeric manages some $30.1 billion in assets as of September 2017. Together with Man AHL, the unit comprises Man Group’s global quantitative investment platform. 

London-based Man Group PLC, which traces its roots back to the 1783 founding of a sugar coop and brokerage company, managed $103.5 billion as of September 30, 2017. In addition to Man Numeric and Man AHL, the company’s units include Man GLG, Man FRM and Man Global Private Markets. It is the largest listed hedge fund manager in the world. 

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