Key Takeaways
- • Man Group's hedge fund unit hires Samantha Rosenstock, former head of alternatives at New Jersey's $77 billion pension fund, to lead relative value and private markets strategies at Man FRM.
- • Rosenstock will report to Jens Foehrenbach, chief investment officer of Man FRM, and is based in New York, bringing 20+ years of experience across hedge funds, private equity, private credit, and real estate portfolio management.
- • Man FRM, the fund-of-funds division acquired by Man Group in 2012, manages $17.5 billion in assets under management and serves predominantly institutional clients through management accounts and co-mingled strategies.
- • The hire reflects Man Group's strategic push to expand private markets capabilities and meet institutional demand for customized portfolios integrating liquid and illiquid alternative investment strategies.
- • Rosenstock's career includes senior roles at Société Générale's alternative investment advisory group, PineBridge Investments (AIG's former asset management arm), and Ivy Asset Management.
Summary
Man Group's hedge fund unit has appointed Samantha Rosenstock as a senior investment professional to lead relative value and private markets strategies, marking a significant institutional hire for the London-based alternative investment manager. Rosenstock transitions from the State of New Jersey's Division of Investment, where she served as head of alternatives for the public pension fund's $77 billion portfolio.
In her prior role at New Jersey's pension fund, Rosenstock oversaw a diversified portfolio of hedge funds, private equity, private credit, and real estate investments—representing the complex mandate typical of large institutional asset owners. She will now bring this institutional perspective to Man FRM, the firm's fund-of-funds division, where she will report to chief investment officer Jens Foehrenbach. Man FRM currently manages $17.5 billion in assets under management as of March 2018 and primarily serves institutional clients through management accounts and co-mingled alternative investment strategies.
The hire underscores Man Group's stated focus on building out private markets capabilities to capture growing institutional demand for integrated strategies combining both liquid and illiquid alternative investments. Man Group, which manages approximately $113 billion in total assets, acquired FRM Holdings in 2012 to establish this institutional-focused hedge fund platform. Rosenstock's background demonstrates the depth of talent being recruited; prior to joining New Jersey's pension fund, she held senior positions at Société Générale's alternative investment advisory group, PineBridge Investments (the former asset management division of insurance conglomerate AIG), and Ivy Asset Management, with quantitative expertise dating back to the late 1990s.
In her prior role at New Jersey's pension fund, Rosenstock oversaw a diversified portfolio of hedge funds, private equity, private credit, and real estate investments—representing the complex mandate typical of large institutional asset owners. She will now bring this institutional perspective to Man FRM, the firm's fund-of-funds division, where she will report to chief investment officer Jens Foehrenbach. Man FRM currently manages $17.5 billion in assets under management as of March 2018 and primarily serves institutional clients through management accounts and co-mingled alternative investment strategies.
The hire underscores Man Group's stated focus on building out private markets capabilities to capture growing institutional demand for integrated strategies combining both liquid and illiquid alternative investments. Man Group, which manages approximately $113 billion in total assets, acquired FRM Holdings in 2012 to establish this institutional-focused hedge fund platform. Rosenstock's background demonstrates the depth of talent being recruited; prior to joining New Jersey's pension fund, she held senior positions at Société Générale's alternative investment advisory group, PineBridge Investments (the former asset management division of insurance conglomerate AIG), and Ivy Asset Management, with quantitative expertise dating back to the late 1990s.
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