New York (HedgeCo.Net) – Man GLG this week announced the launch of an Ireland-domiciled UCITS compliant hedge fund, the Man GLG European Mid-Cap Equity Alternative fund.

The portfolio manager is Moni Sternbach, who joined Man GLG from hedge fund Cheyne Capital in January 2015.

The new fund will seek to deliver returns through stock selection and active portfolio management driven by meeting management teams and undertaking rigorous research. Research forms the bedrock of the investment process, and will leverage the expertise within the GLG business.

Moni Sternbach said: “The new strategy fits very well within the Man GLG investment framework and offers significant synergies with the European stock picking team and its sector specialists. We believe the European mid-cap equity market segment has become an increasingly compelling asset class for stock pickers due to poor and worsening sell-side analyst coverage, which provides the potential for us to generate attractive risk-adjusted returns for investors.”

Moni Sternbach, a mid-cap specialist, joined Man GLG after almost three years as lead manager of the Cheyne European Mid Cap Long/Short strategies. Prior to Cheyne, Sternbach was head of European smaller companies at Gartmore Investment Management, where he worked from 2002 to 2011.

Alex Akesson
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