Reuters – Man Group’s computer-driven hedge funds gained up to 5.7 percent through mid-January, party benefiting from the Swiss National Bank’s move to get rid of a cap on the franc that sent the Swiss currency soaring last week.
Man’s $4.4 billion AHL Diversified fund gained 4.5 percent through Jan. 16 this year, while the $4 billion AHL Evolution fund returned 5.7 percent, according to fund performance data seen by Reuters.
