{"id":23168,"date":"2011-06-22T10:13:23","date_gmt":"2011-06-22T14:13:23","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=23168"},"modified":"2011-06-22T10:20:58","modified_gmt":"2011-06-22T14:20:58","slug":"man-launches-multi-strategy-ucits-hedge-fund","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/06\/2011\/man-launches-multi-strategy-ucits-hedge-fund.html","title":{"rendered":"Man Launches Multi-Strategy UCITS Hedge Fund"},"content":{"rendered":"<p><a href=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/launch1.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-23172\" title=\"launch1\" src=\"http:\/\/www.hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/launch1-300x225.jpg\" alt=\"\" width=\"300\" height=\"225\" srcset=\"https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/launch1-300x225.jpg 300w, https:\/\/hedgeco.net\/news\/wp-content\/uploads\/2011\/06\/launch1.jpg 1024w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>New York (HedgeCo.net) &#8211; Man Group plc has successfully launched the Man GLG Multi-Strategy fund \u2013 the first combined UCITS fund to result from Man\u2019s acquisition of GLG Partners, Inc. in 2010, which created the world\u2019s largest independent alternative asset manager.<\/p>\n<p>The open-ended fund, which offers daily dealing, has raised more than \u20ac100 million ($144 million) in commitments. It is designed to give both retail and institutional investors access to a complimentary portfolio of 10 to 15 Man-run UCITS funds, including industry-leading GLG and AHL strategies, as well as Man\u2019s Man Systematic Strategies, Man Convertibles and Ore Hill strategies.<\/p>\n<p>The investment team, led by Luke Ellis, chief investment officer of Man\u2019s Multi-Manager division, will actively allocate to the strategies and group them into three core portfolio components \u2013 equity long\/short strategies (50-80%), risk seeking strategies (10-35%) and diversifying strategies (5-25%) \u2013 with risk capital judiciously allocated between them.<\/p>\n<p>\u201cThis multi-strategy UCITS fund incorporates the best investment talent from both GLG and AHL teams, with a fund structure that so many investors in Europe and beyond are looking for. We\u2019re encouraged by initial fundraising and are looking forward to driving returns for our clients through this new innovation.\u201d  Luke Ellis said.<\/p>\n<p>This latest open-ended fund has a low minimum investment of \u20ac1,000 \u00a0($1400) and no extra layer of management or performance fees beyond the underlying fund fees.<\/p>\n<p>Editing by Alex Akesson<br \/>\nFor <a title=\"hedge funds\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a><br \/>\n<a href=\"mailto:alex@hedgeco.net\">alex@hedgeco.net<\/a><br \/>\n<a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.Net<\/a> is a premier <a title=\"hedge fund database\" href=\"http:\/\/www.hedgeco.net\">hedge fund database<\/a> and community for qualified and accredited investors only. Membership in <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">HedgeCo.net<\/a> is FREE and EASY. We also offer FREE LISTINGS for <a title=\"hedge fund\" href=\"http:\/\/www.hedgeco.net\">Hedge Funds<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New York (HedgeCo.net) &#8211; Man Group plc has successfully launched the Man GLG Multi-Strategy fund \u2013 the first combined UCITS fund to result from Man\u2019s acquisition of GLG Partners, Inc. in 2010, which created the world\u2019s largest independent alternative asset [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9,3],"tags":[],"class_list":["post-23168","post","type-post","status-publish","format-standard","hentry","category-hedge-fund-launches","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23168","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=23168"}],"version-history":[{"count":4,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23168\/revisions"}],"predecessor-version":[{"id":23171,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/23168\/revisions\/23171"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=23168"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=23168"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=23168"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}