Man Group is marking the 20th anniversary of Man GLG, the group’s discretionary fund manager and one of the most established names in the global hedge fund industry.
GLG, which has played a role in the development and advancement of the hedge fund industry over the past two decades, was founded in 1995 as a division of Lehman Brothers. The firm became an independent business at the turn of the millennium, and listed on the New York Stock Exchange in 2007. When it was acquired by Man Group in 2010, GLG expanded its global footprint and gained a robust risk and operational infrastructure which have allowed it to grow and diversify over the past four years.
Manny Roman (pictured) joined GLG as Chief Operating Officer in 2005 and, following the acquisition, became Man Group’s Chief Operating Officer, and was subsequently appointed CEO of Man Group in 2013. Mark Jones and Teun Johnston were appointed as co-CEOs of Man GLG in 2012, and today the firm manages USD31 billion across a diverse range of hedge fund, long only and structured credit strategies for clients across the globe, employing more than 140 investment professionals. A founding member of the Hedge Fund Standards Board, Man GLG is committed to safeguarding the interests of its clients and conducting business with the highest standards of integrity. The firm is also a signatory of the Principle for Responsible Investments and is fully compliant with the Global Investment Performance Standards*.
In its 20th anniversary year, Man GLG completed the acquisitions of leveraged loan specialist Silvermine and equity investment manager NewSmith, adding a total of USD5 billion in AUM and broadening its offering for clients. The acquisitions have further strengthened Man GLG’s international capabilities, in the US and Japan in particular, and have added US levered loan experience to its existing deep expertise in equities, credit and multi-asset strategies.
Furthermore, in the same year, the firm hired a number of new investment professionals to run new strategies for the business, including Pierre Henri Flamand, Rory Powe, Moni Sternbach, Himanshu Gulati, Simon Pickard and Edward Cole. Man GLG is continuing to build on its investment capabilities, both through the hiring of exceptional investment talent, and through high quality acquisitions.
Pierre Lagrange, co-founder and managing director of Man GLG says: “Man GLG has evolved significantly over the past 20 years and I am very proud of the business we have built, which has remained committed to the entrepreneurial spirit and culture of excellence that we sought to instil from day one. It is the exceptional people that make Man GLG the firm that it is today, and I am delighted to present many of them with our 20th anniversary film. This demonstrates the diversity of our expertise and our collaborative approach, as we work together across sectors, geographies and asset classes. Above all, we seek to hire the best people in the industry to work for our clients and firmly believe that great minds think differently.”
Mark Jones, co-Chief Executive Officer of Man GLG, says: “We are delighted to celebrate 20 years of Man GLG, which has adapted through cycles and significant market developments, demonstrating the strength of the business. Most recently, in its 20th anniversary year Man GLG completed the acquisitions of Silvermine in the US and NewSmith in the UK, broadening our offering for clients and further developing our international capabilities.”
Teun Johnston, co-Chief Executive Officer of Man GLG, adds: “We continually invest in talent, technology and research with the aim to ensure that we provide the optimal environment for our asset managers seeking to deliver attractive risk adjusted performance for clients. At Man GLG, we encourage debate and the sharing of expertise and ideas, and believe that the sum of the parts is greater than the individual components.”