(Bloomberg)An acute shortage of subsidized housing for low-income families in the U.K. is drawing some unexpected investors. Man Group Plc, the world’s largest publicly traded hedge fund manager, is poised to start a fund to finance construction of affordable homes, according to a person with knowledge of the matter. Man has hired former Cheyne Capital Management (U.K.) LLP partner Shamez Alibhai to run the pool, the person said, asking not to be identified because the information is private.
A London Hedge Fund Giant Is Looking to Build Low-Income Homes
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