Man Group, the world's largest publicly traded hedge fund firm, has hired a former money manager from Eisler Capital to bolster its New York office, according to people familiar with the matter. The move underscores the firm's ongoing efforts to expand its presence in the United States.
New Hire Details
The new hire, who previously worked at Eisler Capital, joined Man Group's New York team earlier this month. The individual, whose name has not been disclosed, brings extensive experience in quantitative trading and portfolio management. This appointment is part of a broader strategy to strengthen Man Group's capabilities in the US market, which represents a significant growth area for the firm.
Background of the Hire
The former Eisler manager spent several years at the firm, where they were responsible for managing a multi-strategy portfolio. Prior to Eisler, they held positions at other major hedge funds and investment banks. Their expertise aligns with Man Group's focus on systematic and quantitative investment strategies.
Man Group has been actively recruiting talent in the US, particularly in New York, as it seeks to expand its investor base and product offerings. The firm manages approximately $135 billion in assets and has a strong track record in quantitative investing.
Strategic Implications
This hiring comes amid a competitive landscape for top talent in the hedge fund industry. Man Group's expansion in New York is expected to enhance its ability to attract US-based institutional investors and develop new investment strategies. The firm has also been investing in technology and data analytics to support its investment process.
Industry observers note that Man Group's move reflects a broader trend among global hedge funds to strengthen their US operations. With the US market accounting for a significant portion of global hedge fund assets, firms are increasingly focusing on building local teams to better serve clients and capitalize on market opportunities.
The new hire is expected to work closely with Man Group's existing portfolio managers and researchers in New York, contributing to the firm's systematic trading strategies. The firm's New York office has grown steadily over the past few years and now houses a range of functions including investment management, sales, and client service.
Man Group declined to comment on the hiring. Eisler Capital did not respond to requests for comment.
