New York (HedgeCo.net) – Hedge fund provider with $65 billion in assets under mamagement, Man Group plc, has launched a new long/short equity fund of hedge funds (FoHF).
“Equity investing has evolved since the 1970s from mutual funds, to style box investing, ETFs, and short-extension strategies. While long/short equity is not a new strategy it has now become a widely accepted investment technique,” John Barbo, Man’s Head of US Financial Intermediary Business, said. “In an uncertain market environment, investors may benefit from allocating to long/short equity strategies. I believe this makes long/short equity a compelling substitute for long-only equities in a portfolio.”
The Man Long Short Fund is available with an investment minimum of $50,000, the FoHFprovides access up to 30 leading long/short equity managers in a diversified portfolio. Allocating to managers in the U.S., Europe, Asia and Emerging Markets, investors will receive scheduled monthly liquidity and 1099 tax reporting.
Man Investments (USA) LLC serves as the Fund’s investment adviser and is part of Man’s Multi-Manager Business which has approximately $12.7 billion in funds under management globally as of September 30, 2011.
Alex Akesson
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