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Man Numeric launches European equity fund

European equityMan Group’s quantitative unit Man Numeric has launched a European equity Ucits fund.

The Dublin-domiciled Man Numeric European Equity Fund is the fifth Ucits-compliant vehicle on the European market from Boston-based Man Numeric, which oversees $30.1 billion of assets (€25.6 billion).

The new fund provides investors with access to Man Numeric’s European Core Strategy: an investment strategy launched in 2002 which aims to outperform the MSCI Europe Index.

Overseen by portfolio managers Greg Bunimovich, Ori Ben-Akiva and Mickael Nouvellon, the fund aims to provide consistent returns through quantitative, bottom-up stock-selection.

Shanta Puchtler, chief executive of Man Numeric, said: “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.”

London-listed Man Group acquired Numeric Investors (now known as Man Numeric) in 2014, since which the business has doubled from $14.7 billion in assets under management to $30.1 billion.

As of 30 September, Man Group’s funds under management were $103.5 billion.

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