Funds
Man Group plc has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man’s acquisition of GLG Partners, Inc. in 2010, which created the world’s largest independent alternative asset manager.
The open-ended fund, which offers daily dealing, has raised more than EUR100m in commitments. It is designed to give both retail and institutional investors access to a complimentary portfolio of 10 to 15 Man-run UCITS funds, including industry-leading GLG and AHL strategies, as well as Man’s Man Systematic Strategies (MSS), Man Convertibles and Ore Hill strategies.
A dedicated investment team, led by
Assets under management on Schroders’ alternative UCITS platform, Schroder GAIA, have reached USD1.03bn, just 18 months since the platform was launched. This highlights investor appetite for a regulated and transparently operated UCITS compliant hedge fund platform that is managed by an investment house and provides access to a range of high quality hedge fund managers and investment strategies.
There are now five funds on the platform, three managed by external hedge fund managers and two managed internally. Schroder GAIA CQS Credit was most recently added to the platform offering investment opportunities in the credit long short space.
Eric Bertrand, Director
Greenwich, Connecticut CTA manager, Millburn Ridgefield Corporation, founded in 1971, has chosen Deutsche Bank’s Platinum platform
Fixed Income and Multi-Strategy were the only UCITS strategies that managed to generate positive returns in what proved to be a tricky month of May.