London-listed Man Group, which is well known for its hedge funds, has brought two equity Ucits funds to the European market that result from its acquisition of a US quant manager last year.
The Man Numeric Market Neutral Alternative fund and the Man Numeric Emerging Markets Equity fund are domiciled in Dublin and managed by Man Numeric, the Boston-based quantitative manager acquired by Man Group in September 2014.
The Man Numeric Market Neutral Alternative fund aims to provide high liquidity and low volatility performance uncorrelated to market indices.
The fund will be overseen by Man Numeric’s co-heads of hedge fund strategies, Greg Bond and Daniel Taylor. The fund’s investment team will use long and short strategies to seek alpha from a universe of more than 9,000 stocks globally, with holding periods that range from four weeks to a year.
The Man Numeric Emerging Markets Equity fund aims to outperform the MSCI Emerging Markets Index.
The strategy – managed by Ori Ben-Akiva, Greg Bunimovich and Mickael Nouvellon – focuses on quantitative, bottom-up stock selection with stocks chosen based on valuation and information flow.
The Man Numeric Emerging Markets Equity fund has been passported across Europe, while the Man Numeric Market Neutral Alternative fund is pending approval in nine countries including Switzerland, Austria and Germany.
Man Group had $72.9 billion (€67.3 billion) of assets under management, as of December 31, 2014.
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