Man Group is planning to follow up the launch of its Nomura Global Trend fund with another vehicle run up by GLG, the fund manager it acquired last year.
In an announcement this morning, Peter Clarke, chief executive of Man Group, said the firm is looking to launch a currency fund focused on Japan for the asset manager which it bought for $1.7bn (£1.04bn) in October. The new fund will be launched next month, and follows the run-away success of Man's AHL Japan fund, Nomura Global Trends, which has raised $2bn since inception earlier this year. Clarke said the business wants to build on that momentum by making a new startegy available. He said: "Our recent AHL open-ended launch in Japan, which has now raised $2bn, is a clear example o...
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