Industry News

Check out the latest news and insight from the ever-evolving world of institutional investing and hedge funds from around the globe.

To submit industry-related press releases or request feature ideas please contact

News Archive

Read More Industry News >

Man Group Closing $40M Fund

Aug 28, 2013
Jing Chen

Man Group, the world’s largest publicly traded hedge fund, is shutting down its $40 million pool after failing to meet performance targets.

Bloomberg reported that the London-based firm is closing Man Vision—which aims to protect clients from losses-- after it fell 5.6% in the first half of 2013. Man Vision is linked to the performance of AHL Diversified, the firm’s largest hedge fund. That fund, which uses computer algorithms to try to profit from trends in asset prices, suffered recently after the U.S. Federal Reserve indicated that it may decrease its bond purchases.

Man is planning to move all of Vision’s investments in AHL by September 1 to cash and bonds; clients can either hold their investments until maturity, redeem or reallocate their money to a different Man fund.

Man currently manages about $52 billion in assets after investors redeemed $11.5 billion in the first half of the year.





Read More Industry News >

eVestment’s 2016 Hedge Fund Industry Outlook

Request Your Copy