MAN GROUP LTD Press Release
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Man Group celebrates 20th anniversary of Man GLG
20 October 2015 - Man Group is pleased to announce the 20th anniversary of Man GLG, the group's discretionary fund manager and one of the most established names in the global hedge fund industry.
GLG, which has played a role in the development and advancement of the hedge fund industry over the past two decades, was founded in 1995 as a division of Lehman Brothers. The firm became an independent business at the turn of the millennium, and listed on the New York Stock Exchange in 2007. When it was acquired by Man Group in 2010, GLG expanded its global footprint and gained a robust risk and operational infrastructure which have allowed it to grow and diversify over the past four years.
Manny Roman joined GLG as Chief Operating Officer in 2005 and, following the acquisition, became Man Group's Chief Operating Officer, and was subsequently appointed CEO of Man Group in 2013. Mark Jones and Teun Johnston were appointed as co-CEOs of Man GLG in 2012, and today the firm manages $31 billion across a diverse range of hedge fund, long only and structured credit strategies for clients across the globe, employing more than 140 investment professionals. A founding member of the Hedge Fund Standards Board, Man GLG is committed to safeguarding the interests of its clients and conducting business with the highest standards of integrity. The firm is also a signatory of the Principle for Responsible Investments and is fully compliant with the Global Investment Performance Standards*.
In its 20th anniversary year, Man GLG completed the acquisitions of leveraged loan specialist Silvermine and equity investment manager NewSmith, adding a total of $5 billion in AUM and broadening its offering for clients. The acquisitions have further strengthened Man GLG's international capabilities, in the US and Japan in particular, and have added US levered loan experience to its existing deep expertise in equities, credit and multi-asset strategies.
Furthermore, in the same year, the firm hired a number of new investment professionals to run new strategies for the business, including Pierre Henri Flamand, Rory Powe, Moni Sternbach, Himanshu Gulati, Simon Pickard and Edward Cole. Man GLG is continuing to build on its investment capabilities, both through the hiring of exceptional investment talent, and through high quality acquisitions.
Pierre Lagrange, co-founder and managing director of Man GLG said:
'Man GLG has evolved significantly over the past 20 years and I am very proud of the business we have built, which has remained committed to the entrepreneurial spirit and culture of excellence that we sought to instil from day one. It is the exceptional people that make Man GLG the firm that it is today, and I am delighted to present many of them with our 20th anniversary film. This demonstrates the diversity of our expertise and our collaborative approach, as we work together across sectors, geographies and asset classes. Above all, we seek to hire the best people in the industry to work for our clients and firmly believe that great minds think differently.'
Mark Jones, co-Chief Executive Officer of Man GLG said:
'We are delighted to celebrate 20 years of Man GLG, which has adapted through cycles and significant market developments, demonstrating the strength of the business. Most recently, in its 20th anniversary year Man GLG completed the acquisitions of Silvermine in the US and NewSmith in the UK, broadening our offering for clients and further developing our international capabilities.'
Teun Johnston, co-Chief Executive Officer of Man GLG said:
'We continually invest in talent, technology and research with the aim to ensure that we provide the optimal environment for our asset managers seeking to deliver attractive risk adjusted performance for clients. At Man GLG, we encourage debate and the sharing of expertise and ideas, and believe that the sum of the parts is greater than the individual components.'
To celebrate Man GLG's 20th anniversary, Man Group has produced a video feature that encapsulates the culture of Man GLG. The video is available at the Man GLG website here.
*The Global Investment Performance Standards (GIPS) is a set of standardized, industry-wide ethical principles that guide investment firms on how to calculate and present their investment results to prospective clients.
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Man Group is one of the world's largest independent alternative investment managers, and a leader in liquid investment strategies. Across its four investment managers (Man AHL, Man FRM, Man GLG and Man Numeric), Man Group has diverse hedge funds strategies and long only products spanning equity, credit, managed futures, convertibles, emerging markets and multi-manager solutions. At 30 September 2015, Man Group's funds under management were $76.8 billion.
The original business was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange under the ticker EMG.L and is a constituent of the FTSE 250 Index.
Man Group also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.man.com.
About Man GLG
Founded in 1995 and acquired by Man Group in 2010, Man GLG is a discretionary fund manager with funds under management of $31billion (as at 30 September 2015). Man GLG delivers alternative and long only investment strategies across asset classes, sectors and geographies, to a range of institutional and private clients from across the globe.
Man GLG's investment managers operate in a collaborative environment, unconstrained by a house view.
The majority of Man GLG's 140 investment professionals are based in London but it also has investment teams in New York, Hong Kong and Pfäffikon. Further information can be found at www.glgpartners.com.
Teun Johnston
Teun Johnston, is Co-CEO of Man GLG ('GLG'), based in London, and a member of the Man Executive Committee. Prior to assuming his current role, Teun was Head of Product Strategy for GLG having joined in July 2012. Prior to joining GLG Teun was Head of Investments at Oakley Capital where he ran the Multi-Manager business. Prior to this Teun worked at Amundi-Al where he was Co-Head of Investments, in charge of off-shore investment portfolios and was Head of the London office. Prior to this Teun worked at Arthur Andersen in their financial services practice group in London and San Francisco. Teun holds a MEng in Engineering, Manufacturing and Management from Manchester University and is a member of the Institute of Chartered Accountants in England and Wales.
Mark Jones
Mark Jones, is Co-CEO of Man GLG ('GLG'), based in London, and a member of the Man Executive Committee. Prior to assuming his current role, Mark was appointed COO of GLG in 2010. Mark joined GLG in 2005 to work with the European Equities Team focusing on M&A investment opportunities. Prior to joining GLG, Mark worked at McKinsey, working across a range of industries. Mark holds a B.A. in Politics, Philosophy and Economics, from Oxford University and an M.A. in Philosophy from University College London.
Pierre Lagrange
Pierre is a founder and managing director at Man GLG ('GLG'), a member of the Man Group Executive Committee and is Chairman of Man Group Asia. He has over 30 years of experience in portfolio management and investment research. In 1995 Pierre co-founded GLG Partners and now holds overall responsibility for Global Equities. Prior to that, Pierre worked at Goldman Sachs from 1990, where he had responsibility for managing global equity portfolios and previously at JP Morgan where from 1985 he worked in government bond sales and trading. Pierre started his career at Exxon Chemicals. Pierre holds an MA in Engineering from Solvay Business School in Brussels.
Emmanuel Roman
Emmanuel Roman, CEO of Man Group plc ('Man') since February 2013, received an M.B.A. in Finance and Econometrics from the University of Chicago in 1987 and a bachelor's degree from the University of Paris in 1985. He joined Goldman Sachs in 1987 where he worked in a variety of areas including fixed income, investment banking and capital markets, becoming co-head of Worldwide Equity Derivatives in 1996. In 1998 he was elected to partnership. In 2001 he was appointed co-head of Worldwide Global Securities Services and in 2003 he also became co-head of the European Equities Division. In September 2005, after 18 years at Goldman Sachs, Emmanuel (known as Manny) joined GLG Partners LP as Co- CEO. In October 2010, on completion of the acquisition of GLG by Man, Manny became COO of Man, a group wide role with primary responsibility for integrating the GLG acquisition. He joined the Board of Man in May 2011 and was appointed President & COO in July 2012 and CEO with effect from 28 February 2013.
Important Information
The value of an investment and any income derived from it can go down as well as up and investors may not get back their original amount invested. Alternative investments can involve significant additional risks.
This material is for information purposes only and does not constitute an offer or invitation to invest in any product for which any Man Group plc affiliate provides investment advisory or any other services. The content is not intended to constitute advice of any nature nor an investment recommendation or opinion regarding the appropriateness or suitability of any investment or strategy and does not consider the particular circumstances specific to any individual recipient to whom this material has been sent.
Opinions expressed are those of the author as of the date of their publication, and are subject to change.
Some statements contained in these materials concerning goals, strategies, outlook or other non-historical matters may be 'forward-looking statements' and are based on current indicators and expectations at the date of their publication. We undertake no obligation to update or revise them. Forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those implied in the statements.
Unless stated otherwise the source of all information is Man Group plc and its affiliates as at 20 10 2015.
This press release has been sent by a member of the Man Group ('Man'). Man's parent company, Man Group plc, is registered in England and Wales (company number 08172396) at Riverbank House, 2 Swan Lane, London, EC4R 3AD.
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