World’s Largest Hedge Fund Manager Releases Two UCITS-Compliant Equity FundsThe world’s largest publicly traded hedge fund manager Man Group released two UCITS-compliant equity funds as it aims to attract retail investors.
The funds will be managed by Man Numeric, the Boston-based quantitative manager acquired by Man Group in September 2014.
Domiciled in Dublin, the Man Numeric Market Neutral Alternative fund and the Man Numeric Emerging Markets Equity fund are the first UCITS vehicles to be offered to the European market by the US fund manager, which has $16.7bn of assets under management.
Man Numeric’s co-heads of hedge fund strategies Greg Bond and Daniel Taylor will manage both funds.
Man Numeric president and chief executive Michael Even said: “We are delighted to launch these UCITS-compliant funds, offering investors in the European market access to two of our core alpha-generating strategies for the first time.”
The Man Numeric Market Neutral Alternative fund offers exposure to one of Man Numeric’s core strategies, the 14-year old Numeric Alternative Market Neutral Strategy, formerly known as Numeric Multi-Strategy Market Neutral Strategy.
The Man Numeric Emerging Markets Equity fund is based on the Numeric Emerging Markets Core Strategy, which launched in June 2013.Source: Fundweb