Can the world’s largest listed hedge fund rebound?

全球最大的上市对冲基金能否反弹?

Behind the Money

2025-10-22

19 分钟
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The world’s largest listed hedge fund manager, Man Group, is at a crossroads. After years of high flying thanks to its innovative quant trading strategies, the company’s hedge fund unit has been faltering. Recently, the performance of Man Group’s core business has been lacklustre, and some institutional investors have pulled their money. The FT’s hedge fund correspondent Costas Mourselas analyses which strategies Man Group may pursue to rebound.  - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Can the world’s largest listed hedge fund rebound? Man Group’s hedge fund blues Robyn Grew: the ‘force of nature’ named Man Group chief executive - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Costas Mourselas on X (@CostasMourselas). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • There was a time when man group was at the cutting edge of investment strategies.

  • A pioneer in the city of London.

  • So look, back in the 90s,

  • man group were essentially these cool nerds that were using mathematical models,

  • lots of data, to make bets that were decided by these models in computers, not by individuals.

  • That's the FT's hedge fund correspondent, Costas Morsalis.

  • A lot of people were still thinking about trading in more old-fashioned terms,

  • like a street smart trader calling up their broker to buy a stock or shouting buy and sell orders on the floor of a physical exchange.

  • Man was doing things differently.

  • What Costas is referring to is quant trading,

  • an investment strategy that uses mathematical and statistical models executed by computers to make trading decisions.

  • And that was very untested territory, and it fast became the hottest area of finance.

  • But some 30 years on, man group is in a very different place.