Man Group's discretionary investment management business Man GLG has launched Credit Multi-Strategy Alternative, a new Ucits fund.
Man GLG Credit Multi-Strategy Alternative is a global multi-strategy long-short credit fund providing investors access to Man GLG's long-running alternative credit strategy established more than 20 years ago.
The fund aims to generate an absolute return over rolling three-year periods with a low correlation to equity, credit and interest rates. It runs ten distinct underlying credit strategies investing across Asia, Europe and the US, focused on convertible arbitrage, long-short credit and capital structure arbitrage.
Managed by Chris Huggins, the fund uses a rigorous security selection process and dynamically allocates capital between strategies based on qualitative and quantitative factors, including macro-economic, fundamental and market information considerations. Huggins is supported by a team of 24 dedicated investment professionals with deep asset class and region specific expertise, and asset managers based on the ground in their respective investment regions.
The strategy has leveraged the firm's fixed income and quantitative capabilities, as well as harvesting aggregated trading and execution data from across Man Group to develop a proprietary technique for managing liquidity risk in the fund.