New York (HedgeCo.net) – Global hedge fund giant Man Group PLC., has appointed former managing director at Financial Risk Management (FRM), Luke Ellis, as head of their multi-manager funds of hedge funds business.
With over 25 years investment management experience, Ellis was also head of JPMorgan’s Global Equity Derivatives and Equity Proprietary Trading businesses, also working with GLG’s Multi-Manager business and manager of the GLG Multi Strategy Fund.
“Investor demand for intelligently constructed and managed portfolios of hedge funds continues to grow.” Ellis said, “Man’s Multi-Manager business brings together tremendous depth and expertise in manager selection, managed accounts and risk management. This is a period of great opportunity and I am thrilled at the prospect of leading this business.”
Ellis will be responsible for continuing to build out Man’s Multi-Manager range of investment solutions for private and institutional clients, and further developing Man’s leading position in structured products, funds of funds, managed accounts and tailored portfolios.
“I am delighted that Luke will be joining Man to head our Multi-Manager business, bringing with him a long and distinguished track record in investment management, both in trading markets and allocating capital to underlying managers.” Peter Clarke, Chief Executive of Man, said, “Luke’s experience and relationships will be invaluable in continuing to drive our focus on providing comprehensive, tailored investment solutions to Man’s investors globally.”
“Luke will be succeeding Herbert Item, who is retiring after 13 years at Man, during which time he has played a key role in the successful development of the Multi-Manager business. Our thanks and best wishes go to Herbert for his professionalism and commitment to Man over many years.” Clarke concluded.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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