Man Group’s 2014 acquisition of Boston-based quant shop Numeric Holdings has resulted in two new quantitative UCITS being debuted to the European market.
The Man Numeric Market Neutral Alternative fund and the Man Numeric Emerging Markets Equity fund are both domiciled in Dublin.
The Man Numeric Market Neutral Alternative fund is a UCITS-compliant version of a vehicle offered since 2001 to U.S. investors. Numeric co-heads of hedge fund strategies Greg Bond and Daniel Taylor will oversee the new fund.
The Man Numeric Emerging Markets Equity Fund aims to outperform the MSCI Emerging Markets Index. It will be managed by Numeric’s Ori Ben-Akiva, Greg Bunimovich and Mickael Nouvellon. The fund will focus on quantitative, bottoms-up stock selection based on valuation and information flow to identify market inefficiencies.
The Man Numeric Market Neutral Alternative fund is pending approval in nine nations including Switzerland, Germany and Austria, while the new emerging markets equity UCIT is passported across Europe, according to media reports.
London-based Man Group managed nearly $73 billion as of December 31, 2014.