Boston-based Man Numeric, the quantitative equity manager of Man Group, has launched the Man Numeric European Equity fund.
The Dublin-domiciled fund forms the fifth Ucits-compliant strategy made available to European investors market by Man Numeric.
The Man Numeric European Equity fund mirrors the quant manager’s European core strategy, which was launched in 2002. It seeks to outperform the MSCI Europe Index and provide returns over time through quantitative, bottom-up stock-selection from a broad stock universe of about 1,300 names, via a fundamental, systematically implemented, investment process.
The strategy is run by portfolio managers Greg Bunimovich, Ori Ben-Akiva and Mickael Nouvellon, relying on proprietary valuation and information flow models to select stocks.
Shanta Puchtler, president and CEO of Man Numeric said: “The launch of the Man Numeric European Equity fund further expands our range of alpha-generating strategies available to European investors. The fund provides investors with access to our European Core strategy, one of Man Numeric’s longest running strategies. As Man Numeric continues to grow and develop as part of Man Group, the launch of Ucits-compliant vehicles is an important step in our increasingly global and diversified offering for clients.”
Man Numeric had $30.1bn of assets under management as of 30 September 2017.