31 Jan 2011
Man Group has announced the creation of the Man Systematic Strategies group.
Drawing on the combined expertise of GLG, AHL and Man’s multi-manager business, the new group will be responsible for developing and managing profitable systematic strategies driven by cutting edge technology. The new team is planning a number of products for this year including Man GLG Europe Plus Source ETF and the recently launched Man TailProtect fund.
MSS is headed by Sandy Rattray, formerly responsible for systematic strategies at GLG, with Stefan Scholz as COO and Head of Research. Rattray was formerly a Managing Director at Goldman Sachs where he worked for 14 years. Scholz previously headed Man’s Multi-Manager quantitative team for 7 years.
Peter Clarke, CEO of Man, said: “MSS is an important step in building out our quant excellence into additional systematic products, which are complementary to our core programmes at AHL. This is a strategic priority for Man and I am pleased we have identified this opportunity so soon after the acquisition of GLG.”
Man Systematic Strategies has teamed up with Source, the ETF provider, to launch Man’s first ETF, the Man GLG Europe Plus Source ETF. This product, which will be available from the 31st January, is designed to produce European equity index plus returns based on fundamental broker ideas provided specifically for GLG. The MSS team
then use proprietary quantitative technologies and enhance these recommendations with the objective of generating steady alpha with low risk.
The second product that MSS has launched is Man TailProtect, an actively managed, systematic investment vehicle designed to provide tail risk protection to institutional investors. Using sophisticated models designed at Man, and incorporating some of the latest volatility forecasting research output of the Oxford-Man Institute, a leading centre
for the study of quantitative finance funded by Man, the product is designed to be profitable during market stress periods such as May 2010 when the product returned 23.8%.
The product was initially developed within Man’s multi-manager business in 2009 but has been open to external investors since January 2011 and is currently running $175m.
Drawing on the combined expertise of GLG, AHL and Man’s multi-manager business, the new group will be responsible for developing and managing profitable systematic strategies driven by cutting edge technology. The new team is planning a number of products for this year including Man GLG Europe Plus Source ETF and the recently launched Man TailProtect fund.
MSS is headed by Sandy Rattray, formerly responsible for systematic strategies at GLG, with Stefan Scholz as COO and Head of Research. Rattray was formerly a Managing Director at Goldman Sachs where he worked for 14 years. Scholz previously headed Man’s Multi-Manager quantitative team for 7 years.
Peter Clarke, CEO of Man, said: “MSS is an important step in building out our quant excellence into additional systematic products, which are complementary to our core programmes at AHL. This is a strategic priority for Man and I am pleased we have identified this opportunity so soon after the acquisition of GLG.”
Rattray, Head of MSS said: “MSS brings the combined strength and competencies of AHL, Man Multi-Manager and GLG together in a way which we believe will benefit a range of clients and I am delighted to be working with my new colleagues on this venture.”
Man Systematic Strategies has teamed up with Source, the ETF provider, to launch Man’s first ETF, the Man GLG Europe Plus Source ETF. This product, which will be available from the 31st January, is designed to produce European equity index plus returns based on fundamental broker ideas provided specifically for GLG. The MSS team
then use proprietary quantitative technologies and enhance these recommendations with the objective of generating steady alpha with low risk.
“The product has a high level of transparency and a clear index driven approach,” said Rattray. “By providing a steady enhancement to equity index returns, using a highly diversified portfolio, we believe that the ETF will offer an attractive alternative to existing passive products.”
The second product that MSS has launched is Man TailProtect, an actively managed, systematic investment vehicle designed to provide tail risk protection to institutional investors. Using sophisticated models designed at Man, and incorporating some of the latest volatility forecasting research output of the Oxford-Man Institute, a leading centre
for the study of quantitative finance funded by Man, the product is designed to be profitable during market stress periods such as May 2010 when the product returned 23.8%.
The product was initially developed within Man’s multi-manager business in 2009 but has been open to external investors since January 2011 and is currently running $175m.
