Ex-Gartmore manager joins GLG to run long/short strategy

Cheyne Capital's European hedge fund manager Moni Sternbach has joined GLG to work on a new mid-cap long/short strategy set to be launched later this quarter.

Sternbach was lead manager of Cheyne Capital’s European mid cap long/short portfolios for three years and head of European smaller companies at Gartmore prior to that. He will report to GLG’s co-CEOs Mark Jones and Teun Johnston, who said: “Sternbach’s mid-cap expertise will form the basis of a new strategy which we will announce in due course.” Sternbach has also worked at Bank of America and Deloitte & Touche. Hedge fund manager Man Group, GLG’s parent company, reported net inflows of $400m (£250m) in the third quarter of 2014, following renewed investor interest in its quantitat...