Man Group has reported results for 2016, showing that funds under management rose 3% to $80.9bn by the end of December. Net inflows and funds in alternative quantitative strategies were up by a larger amount, but the effects of FX movements and other factors limited the overall increase in funds under management. Net inflows were […]
Henry Dixon has been appointed portfolio manager in the UK equity team at GLG Partners.
GLG Partners, the discretionary investment manager of Man Group, is launching the GLG Total Return fund, which will be managed by James Ind, who recently joined from Russell Investments.
Jon Mawby and Steve Roth, co-managers of the GLG Strategic Bond Fund, have significantly increased the portfolio’s exposure to floating rate notes (FRNs) and credit default swaps (CDSs) as part of a tactical move to allocate away from duration sensitive securities.
GLG, the discretionary investment manager of Man Group plc has announced a number of senior hires to its macro and fixed income team, as part of a strategy to expand the two business lines.
Greg Coffey, the flamboyant star fund manager at the US hedge fund Moore Capital, once described as “one of the most impressive traders in the world”, is to retire at the age of 41.
You could not blame GLG Partners co-founder Noam Gottesman for feeling a little smug today.
Jon Mawby from European Credit Management has joined GLG to run its £166m Global Corporate Bond and £189m Global Strategic Bond funds.
The deleveraging hitting banks, households and even governments, has come to the world’s largest listed hedge fund investor Man Group, as degearing mainly of its guaranteed products, reduced funds under management by $2.5bn over the last half.
Man Group has announced that its GLG Europe Plus Source ETF, launched in January 2011, has reached assets of $565m as of May 31 2012.
The strategy of Man Group to diversify its fund styles by buying discretionary hedge fund manager GLG Partners in 2010 paid off last quarter, as over 10 of GLG’s funds posted healthy gains exceeding 6%, in contrast to Man’s flagship computer-driven AHL strategy, which rose just 0.8%.
Secondary markets for hedge fund stakes will receive another boost this year thanks to seismic trends reshaping the industry, says Neil Campbell, head of alternatives at UK-based brokers Tullett Prebon.