EMD provides boost for Man GLG after difficult 2016

Inflows of $2bn

Laura Dew
clock
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...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Alternatives

Adil Alaoui, alternatives analyst at Sarasin & Partners

Three inflation busting alternatives to watch right now

Hedge funds and housing

Adil Alaoui
clock 16 August 2022 • 4 min read
Mike Preston, partner at Cleary Gottlieb

Private equity in sport: A growing opportunity

Expected to grow to $500bn

Mike Preston
clock 11 August 2022 • 4 min read
David Coombs, head of multi-asset at Rathbones Unit Trust Management

Rathbones' Coombs: Multi-asset funds 'called it right' but unable to combat hardship

Rathbone Multi-Asset Strategic Growth

clock 05 August 2022 • 3 min read
Trustpilot