Managed Futures "Founder" Man Group Further Executes On Diversification Strategy

Considered one of the “founding firms” in commodity trading and managed futures, Man Group diversifies strategies further following difficult times for trend following Man Group, the world’s largest publicly traded hedge fund, is further moving away from its managed futures, quantitative investing roots and diversifying its strategy set through the purchase of the investment management business of NewSmith.  The move follows a consistent pattern of purchases by Man Group, each adding a unique strategy component to the firm’s traditionally momentum-based investment offerings.   NewSmith provides institutional investors mostly regional equity funds, large Japanese client owns a portion of the company…