Man raises first fund mixed with GLG strategies
MAN Group, the world’s largest listed hedge fund manager, has raised more than €100m (£89m) in commitments for its first UCITS fund to combine investment strategies run by Man and GLG Partners, the hedge fund firm it bought last year.
The open-ended fund gives retail and institutional investors access to a portfolio of 10 to 15 Man-run UCITS funds, including industry-leading GLG and AHL strategies, as well as Man’s Man Systematic Strategies and Man Convertible strategies.