Man GLG Ucits fund goes long-short on rising M&A deals

Hedge fund company Man GLG has launched an event-driven Ucits strategy focusing on mergers and acquisitions.

The long-short Man GLG Event Driven Alternative fund will typically hold between 20 and 40 positions sourced from across the globe, including small, mid, and large-caps in developed and emerging markets.

Fund manager Cristian Cibrario aims to profit from mergers and acquisitions “deal spread-driven opportunities” and to be uncorrelated to the market.

Cibrario said: “With healthy levels of M&A continuing in 2019 and beyond, the opportunity set for investing in these deals and seeking to exploit market inefficiencies is wide and continues to be attractive.”

As of the end of September, the firm had $30.8 billion (€27.8 billion) in assets under management.

©2019 funds europe

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