Man Group launches Australian equity strategy

Man-Group/funds-management/

9 April 2018
| By Oksana Patron |
image
image
expand image

Man Group has announced the launch of a new investment strategy focused on the Australian equities market, Man Numeric’s Australia Core strategy, which will apply a combination of proprietary valuation and information flow stock-selection criteria.

Man Numeric’s head of international strategies, Ori Ben-Akiva said that the strategy would apply established quantitative investment processes to the Australian equities and would seek to maximise alpha for clients through bottom-up, systematic stock selection.

Additionally, it would aim to outperform MSCI Australia, with equities being identified from a universe of 200-300 large and mid-cap Australian stocks that would satisfy minimum liquidity and capitalisation requirements.

Hersh Gandhi, Man Group’s managing director Asia Pacific, said this new strategy would be launched with seed capital from Russell Investments, which would initially include the new Australia core strategy as part of the manager line up in three of their Australian equity funds.

“We’ve had a number of discussions with Australian investors about applying Man Numeric’s core approach across Australian equities. The Australian market is quite concentrated, so we see significant opportunities outside the large cap stocks that can be unlocked through a quantitative, bottom up strategy like this,” he said.

Man Numeric was founded in 1989 and since 2014 it has been a part of Man Group.

Since joining Man Group, the business grew from $14.7 billion in assets under management (AUM) to $31.9 billion as of 31 December, 2017, the firm said.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

1 month 3 weeks ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

2 weeks 5 days ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 4 days ago

TOP PERFORMING FUNDS