Man Numeric’s Australia Core strategy
Man Group has launched a systematic, quantitative Australian equity strategy, called the Man Numeric’s Australia Core strategy, with seed capital from Russell Investments.
The fund will aim to outperform the MSCI Australia by investing in stocks from a universe of 200-300 large and mid-cap Australian companies, that satisfy minimum liquidity and capitalisation requirements.
“We are excited to launch the Australia Core strategy, which applies our established quantitative investment processes to the Australian equities universe, seeking to maximise alpha for clients through bottom-up, systematic stock selection," Ori Ben-Akiva, Man Numeric’s head of international strategies, said.
“We have seen successful application of this investment approach across sectors and markets globally for many years. In Australia, the limited breadth (or depth) of the universe of stocks means we’ll also be setting appropriate capacity limits to ensure the strategy performs as designed (or intended) for investors.”
Russell Investments will initially include the new Australia Core strategy as part of the manager line up in three of their Australian Equity funds.