Man Group has announced the launch of a new investment management business which aims to provide transparent access to hedge fund investing through fund of fund portfolios and customise
Man Group has announced the launch of a new investment management business which aims to provide transparent access to hedge fund investing through fund of fund portfolios and customised solutions.
It combines RMF’s infrastructure and disciplined investment process, Glenwood’s bottom-up manager selection philosophy and Man’s managed account expertise.
Peter Clarke, chief executive of Man, says: ‘As markets have changed, so have investor requirements for hedge fund investing. Performance remains an absolute requirement, but transparency, governance and risk management are now at the top of investors’ agendas. They are looking for providers with the scale, expertise and systems to deliver the enhanced transparency, institutional quality governance and stronger controls over invested capital they require. With over USD1.5bn in excess capital, one of the industry’s deepest pools of investment talent, and extensive infrastructure and systems, Man is uniquely positioned to provide a market-leading solution.’
The business aims to deliver heightened transparency, liquidity and control of assets via an extension of Man’s managed accounts platform and expertise. Man currently invests in more than 70 managed accounts and plans to double this number over the coming year
It has over 150 investment professionals and an average of 16 years’ industry experience across the senior management team.
It also claims to have access to the world’s best hedge fund managers, secured on preferential terms, offering a full range of hedge fund styles and opportunities via strong and stable hedge fund portfolios, customised solutions or access to single manager hedge funds
The structure separates investment management and oversight, and manager seeding and investment allocation, and enshrines an independent risk management function at the same level as investment management
John Rowsell, chief investment officer of Glenwood (pictured), will take the role of managing director of the integrated business and will be responsible for all business, operational and risk functions.
Herbert Item, chief investment officer of RMF, will become chief investment officer and will be responsible for all investment functions. Both will continue to report to Clarke.
RMF, Glenwood and MGS portfolios will continue to be managed according to existing mandates by dedicated portfolio managers. AHL will be unaffected by the creation of the new integrated business.
