Investors in the UK have been buying Man Group shares again, according to figures from online broker TD Direct Investing.
Hedge fund manager Man Group’s shares nosedived on Wednesday, after its flagship hedge fund AHL reported one of its biggest weekly losses.
FRM Capital Advisors, acquired by Man Group last year, is seeding a Japanese long-short equity fund launched by Hong Kong based Arena Capital Management.
Funds under management at Man Group grew by 14% in the third quarter, supported by the acquisition of FRM, although the firm saw increased net outflows of $2.2bn for the period.
Source, a provider of European exchange traded products, has picked Nicolas Samaran as head of Investment Content.
Illiquid positions are still common in the hedge funds space and can be useful for investors, according to Luke Ellis, chief executive and CIO of Financial Risk Management, a newly acquired part of Man Group.
Carey Olsen announced it had advised FRM on the Jersey legal aspects of its recent acquisition by Man Group, which involved a Jersey scheme of arrangement.
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.
Pierre Lagrange, chairman of the Asian operations of Man Group in Asia, has assembled a long/short equities team focused on the region in Hong Kong, building on the group’s presence in the region stretching back almost 20 years.
Man Group is expected to announce soon the capping of at least one of three products in its quantitative investment unit – known as Systematic Strategies – as demand for extreme event protection in volatile markets saw the division’s assets swell to nearly $2bn.
German investors have added their names to allocators expressing disappointment with ‘absolute return’ products, and cutting their allocations, at the very same time the urgency to make money regardless of market conditions increases.
Man Group has enlisted a former chief investment officer from a UK public pension to advise its UK institutional team and help it cater for British pensions, which more than doubled money in the industry in just two years.