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Man Group, the world's largest publicly listed hedge fund, has hit a record in assets under management despite a sharp fall in annual profits on lower performance fees.
The chief executive of Man GLG, Teun Johnston, will leave the business as part of an internal reshuffle, after nearly eight years in the role.
Man Group's subsidiary Man GLG has closed its Sustainable Water and Circular Economy fund, just over 18 months after its launch in March 2022.
Man GLG has appointed Christina Bastin as portfolio manager in the firm’s credit team, where she will lead a new Asian corporate credit strategy.
Man GLG has hired Sof Yiannakas and his team of analysts to head up a new European opportunities long/short equity strategy.