Man Group launches Australian equity strategy
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.
AUTHOR
Oksana Patron
Recommended for you
The $673 billion global investment manager has appointed a former Zenith sales head as it seeks to expand its reach in the Australian wealth management market.
Fund managers may be operating in a squeezed environment, but a salary guide shows they are willing to pay up for specialist talent to diversify their fund range.
Reach Alternative Investments has entered into a strategic partnership with Russell Investments to bolster its wholesale private markets offering for financial advisers and investors.
Boutique investment consulting and research house Genium Investment Partners has announced a senior appointment to drive further growth in its research ratings business.
