People Moves

Man Group starts fightback with AHL and FRM moves

by

Peter Clarke
Man Group, the beleaguered publicly-quoted alternatives group, has taken action to arrest its dramatic recent share price slide with senior hires to strengthen the investment team on its flagship AHL systematic trading engine and a major acquisition to shore up its flagging fund of funds business.

The firm, led by group CEO Peter Clarke, has hired two experienced outsiders to beef up the team on the key AHL managed futures strategy – and is also buying $8 billion FRM to create the largest fund of funds group outside the US.

The moves are