31 January 2011
The new team is planning a number of products for this year including Man GLG Europe Plus Source ETF and the recently launched Man TailProtect fund.
MSS is headed by Sandy Rattray, formerly responsible for systematic strategies at GLG, with Stefan Scholz as COO and Head of Research. Sandy was formerly a Managing Director at Goldman Sachs where he worked for 14 years. Stefan previously headed Man’s Multi-Manager quantitative team for 7 years.
Peter Clarke, CEO of Man, said: “MSS is an important step in building out our quant excellence into additional systematic products, which are complementary to our core programmes at AHL. This is a strategic priority for Man and I am pleased we have identified this opportunity so soon after the acquisition of GLG.”
Sandy Rattray, Head of MSS said: “MSS brings the combined strength and competencies of AHL, Man Multi-Manager and GLG together in a way which we believe will benefit a range of clients and I am delighted to be working with my new colleagues on this venture.”