EMD provides boost for Man GLG after difficult 2016

Inflows of $2bn

Laura Dew
EMD provides boost for Man GLG after difficult 2016

Funds under management at Man GLG's discretionary long-only arm increased by $2bn in the three months to 31 March 2017, driven by inflows into the group's emerging market debt strategies.

Last year the firm hired Guillermo Osses from HSBC Global Asset Management as head of emerging market debt and launched the  GLG Global Emerging Market Debt Total Return fund in May. The group also runs Emerging Market Local Currency Rates and Emerging Market Hard Currency Debt strategies. In this morning's trading update, the firm said this sector received the majority of the $1.4bn inflows that went into its long-only business over the period. The EMD Total Return fund is already over £1bn in size, according to Financial Times figures. Man Group shares fall as GLG arm weighs on prof...

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