Rory Powe

Managers give their sector predictions for next year

'Not optimistic' on prospects for European economy

Most successful managers take a trip down memory lane

Man GLG RI Global Sustainable Growth

Cuts to 'less than 150' in 30 stock portfolio

Well known from time at Invesco Perpetual

Follows significant investor demand

Man Group saw $2.6bn of net outflows during the first half of the year, largely driven by redemptions from the group's long-only portfolios including GLG's Japan CoreAlpha strategy, but performance fees helped profits jump 89%.

Rory Powe, recently appointed manager of the GLG Continental European fund, turned over 95% of the portfolio on day one of his tenure as he sought to skew the portfolio towards the market leaders he favours.

GLG has made Rory Powe manager of its Continental Europe fund, following his move to the group in July.