Man GLG portfolio manager
Rory Powe is a long-only portfolio manager at Man GLG focusing on European growth stocks. He runs the Man GLG Continental European Growth fund, which was featured on Investment Week's Funds To Watch in 2016 and consistently appears in our Consistent 50 charts.
Powe joined the firm in July 2014. Prior to this, he founded Powe Capital Management in 2001 and managed European funds for 12 years. Before founding PCM, Powe was a global partner at Invesco and ran its flagship Continental European strategy for ten years. Powe has more than 27 years of experience in the European equities market.
Cuts to 'less than 150' in 30 stock portfolio
Well known from time at Invesco Perpetual
Follows significant investor demand
Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.
Rory Powe, recently appointed manager of the GLG Continental European fund, turned over 95% of the portfolio on day one of his tenure as he sought to skew the portfolio towards the market leaders he favours.
GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.
GLG has hired veteran European fund manager Rory Powe as it moves to expand its product range with a European long-only fund.