NEW YORK, March 9, 2011 /PRNewswire/ -- Man Group plc, the world's largest publicly traded alternative asset management company, today announced that it has made three new US hires; two to its multi-manager business and one to its North American Sales team. This move further demonstrates Man's ongoing commitment to expanding its US business.
Todd Kata, who was previously a Managing Director for a New York based long/short equity manager, joins as a Senior Analyst on the Equities team within Hedge Fund Research reporting to Robin Lowe, Head of Equities. He is responsible for sourcing, monitoring and ongoing due diligence of long/short equity funds and is located in New York. "Having had experience as both a competitor in the multi-manager business, as well as a long-standing relationship as a client, I am very excited to join Man, a firm with a high level of sophistication and global breadth in the alternatives industry," says Mr. Kata. A graduate of Princeton University, Mr. Kata spent a number of years in equity and fixed income trading and also held fund of fund roles at the Carlyle Group and Morgan Stanley.
Jeremie Ho Hio Hen, previously a Rates and FX Exotics Trader with JP Morgan, joins as an Analyst on the Portfolio Management Team reporting to Art Holly, Head of Portfolio Management (North America). He is primarily responsible for the research and construction of analytical models. "I'm delighted to join Man, as they are one of the leaders in the alternative investment management industry," says Ho Hio Hen. "I look forward to working with the global Portfolio Management team and providing value-added service to our clients."
Chief Investment Officer and Head of Man's Multi-Manager Business Luke Ellis says, "I have known Todd for a long time and I am delighted that has joined our research effort - his direct experience within a long/short hedge fund makes him ideally suited for getting real insight into managers' stock picking and portfolio management so we can sort the skilled managers from the rest." He continues, "Jeremie brings great technical skills to the team which enables the team to deliver dynamic portfolio solutions for our clients."
In addition to bolstering Man's investment capabilities and following the acquisition of the US-listed GLG Partners last year, Michael Callahan, previously a Vice President at The Blackstone Group, joins the North American Sales team, focusing on US Institutional and Family Office relationships. "I am extremely excited to be joining Man at this unique juncture in its history - taking advantage of a truly global franchise and diverse product offering across Man, AHL and GLG and delivering those capabilities into US Institutional investors and Family Offices," says Mr. Callahan.
Raffaele Costa, Head of North America & Europe Sales (1) says, "The Family Office market is a key area of growth for Man. Its demand for sophisticated coverage and unique product solution offerings are ideally suited with the professional pedigree that Michael will bring to this segment."
The three new employees bring approximately 32 years combined industry experience to the firm.
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. Man's funds under management as of December 31, 2010 were $68.6 billion (2).
Man was founded in 1783. Today, Man Group plc is listed on the London Stock Exchange and is a member of the FTSE 100 Index with a market capitalization of around $8.7 billion.
Man Group is a member of the Dow Jones Sustainability World Index and the FTSE4Good Index. Man also supports many awards, charities and initiatives around the world, including sponsorship of the Man Booker literary prizes. Further information can be found at www.mangroupplc.com.
1. Excluding German speaking countries
2. This represents unaudited final figures both onshore and offshore products which may not be available to US investors.
This material is distributed by Man Investments Inc. ("Man Investments"), which is registered as a broker-dealer with the U.S. Securities and Exchange Commission ("SEC") and is a member of the Financial Industry Regulatory Authority ("FINRA") and the Securities Investor Protection Corporation ("SIPC"). The registrations and memberships described in the preceding sentence in no way imply that the SEC, FINRA or SIPC have endorsed any of the referenced entities to provide any of the services discussed herein. Man Investments is a member of the Man Investments' division of Man Group plc. "Man Group" refers to the group of entities affiliated with Man Group plc.
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SOURCE Man Group plc