Man Group launches quant equity Ucits funds

London-listed Man Group, which is well known for its hedge funds, has brought two equity Ucits funds to the European market that result from its acquisition of a US quant manager last year.

The Man Numeric Market Neutral Alternative fund and the Man Numeric Emerging Markets Equity fund are domiciled in Dublin and managed by Man Numeric, the Boston-based quantitative manager acquired by Man Group in September 2014.

The Man Numeric Market Neutral Alternative fund aims to provide high liquidity and low volatility performance uncorrelated to market indices.

The fund will be overseen by Man Numeric’s co-heads of hedge fund strategies, Greg Bond and Daniel Taylor. The fund’s investment team will use long and short strategies to seek alpha from a universe of more than 9,000 stocks globally, with holding periods that range from four weeks to a year.

The Man Numeric Emerging Markets Equity fund aims to outperform the MSCI Emerging Markets Index.

The strategy – managed by Ori Ben-Akiva, Greg Bunimovich and Mickael Nouvellon – focuses on quantitative, bottom-up stock selection with stocks chosen based on valuation and information flow.

The Man Numeric Emerging Markets Equity fund has been passported across Europe, while the Man Numeric Market Neutral Alternative fund is pending approval in nine countries including Switzerland, Austria and Germany.

Man Group had $72.9 billion (€67.3 billion) of assets under management, as of December 31, 2014.

©2015 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST