Man rings changes at computer-driven AHL fund
Man has promoted the chief risk officer for its AHL flagship fund, while making an appointment from within the industry to fill the risk position left vacant on the model-driven portfolio.
The announcement comes at a difficult time for the $19.5bn computer-driven flagship, which constitutes about one third of Man’s total fund assets, and is about 14% below the point at which it can charge existing investors a lucrative performance fee.
Matthew Sargaison, currently AHL’s CRO, will become its CIO, asssuming responsibility for approving and monitoring strategies in client trading.
The position of CRO will be filled by Douglas Greenig, as well as a member of the AHL Management Committee.
He has previously worked in senior trading and management roles at RBS, Greenwich Capital, and Fortress.
Tim Wong, AHL chief executive, said: “Doug’s substantial trading and risk management experience across a wide range of products and markets, both systematic and discretionary, makes him an invaluable addition.”