Man Group becomes signatory to UN-supported PRI

September, 2017

Man Group has announced that it has become a signatory to the United Nations-supported Principles for Responsible Investment (PRI). Two of Man Group’s investment businesses, discretionary manager Man GLG and systematic equity manager Man Numeric, have been signatories to the PRI since 2012 and 2014, respectively. The firm is now elevating its commitment to the Man Group level, implementing the Principles across its five investment businesses – Man AHL, Man Numeric, Man GLG, Man FRM and Man Global Private Markets – that collectively manage $95.9bn in client assets.  
Founded in 2005, the PRI is a global network for investors committed to integrating environmental, social and corporate governance (ESG) considerations into their investment practices, ownership policies and business strategies. The six Principles for Responsible Investment are a voluntary and aspirational set of investment principles that offer a menu of possible actions for incorporating ESG issues into investment practice.
Luke Ellis, Chief Executive Officer, Man Group, said: “As we continue to develop our responsible investment capabilities and offering, we are delighted to elevate the UN-supported Principles for Responsible Investment to the Man Group level. Consideration of environmental, social and governance factors is increasingly a priority for our clients globally, and as we manage our investors’ capital we are committed to supporting their values and aims across our firm.”
Fiona Reynolds, Managing Director, PRI said: “Over the last few years, Man Group has demonstrated a strong commitment to responsible investment. It’s a great credit to them that they are now taking this commitment to the next level. This move sends a positive signal to others in the alternative investment space, whom we hope will follow Man Group’s lead.”
In June 2017, Man Group appointed Steven Desmyter as Head of Responsible Investment and Chair of Man Group’s Responsible Investment Committee, and Jason Mitchell as its Sustainability Strategist. Desmyter and Mitchell will each be presenting at PRI in Person, the global responsible investment conference, taking place in Berlin on 25-27 September.