Michael Turner, the CEO of Man Group's solutions business Man Solutions, and the former CEO of the group's specialist hedge fund division Man FRM, has left after 16 years with the company, according to a report by CityWire.
The report cites the FCA Register as confirming that Turner ended his client dealing role at Man Solutions on 28 July meaning that he no longer holds a role that requires regulatory supervision, although the exact date and circumstances of his departure are not clear.
Man is reportedly not planning to appoint a replacement CEO with with Carol Ward, a former president of Man GLG, taking on the role of head of Man Solutions. Jen Foehrebach, previous CIO of Man FRM, has been appointed as CIO of the division.
From traditional asset manager to digital asset heavyweight
Fabio Frontini says the manager's $4bn+ platform, built on 16 years of institutional risk management, gives it a rare edge as pension funds…
More
Harvard endowment’s 27.1% annual return driven by hedge fund returns
Hedge funds were among the key contributors to Harvard University's 27.1% endowment return in the year to 30 June 2026, alongside gains in…
More
Hedge fund tax strategies fuel surge in US margin lending
Growing demand for tax-efficient long-short investment strategies offered by hedge fund managers including AQR and Quantinno has…
More
