Man May Hire Independent Administrator For AHL

May 21 2009 | 9:27am ET

With investors clamoring for greater transparency from their hedge funds, the Man Group appears ready to give it to them. The world’s largest listed hedge fund firm is reportedly mulling more independent valuation of its flagship strategy.

London-based Man, which currently uses both an internal valuation group, Man Valuation Services, and several external firms, man extend independent valuation to its US$25 billion, 28-fund AHL strategy, Reuters reports. According to a source, Man is willing to make the move if its clients call for it.

The revelation of the Bernard Madoff Ponzi scheme has sparked widespread calls for greater transparency. Several large hedge fund investors have said they plan to make independent administration or valuation a condition of investing.

In addition to its own valuation service, Man employs Citco Fund Services and Citi Hedge Fund Services to administer all or part of some of its hedge funds.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat