Key Takeaways
- • Man Group Plc, described as the world's largest publicly traded hedge-fund manager, is seeing growth in client flows as institutional investors in Europe reassign mandates based on sustainability criteria.
- • Head of responsible investment research Jason Mitchell said the firm's sustainable-investment offering had historically been on the more complicated end of the product spectrum, leading the firm to undergrow the market.
- • Mitchell said that dynamic "has changed" for Man Group, signaling a shift in its positioning in sustainable strategies.
- • The headline cites a $13 billion mandate, though the primary source excerpt available does not provide details on the mandate's counterparty, structure, or strategy.
Summary
Man Group Plc, the world's largest publicly traded hedge-fund manager, is reporting growth in client flows as a number of institutional investors in Europe reassign mandates based on sustainability criteria, according to Bloomberg. The development underpins the firm's view that a new era is opening for its sustainable-investment business.
Jason Mitchell, Man Group's head of responsible investment research, said in an interview that the firm's sustainable-investment offering tends to sit "on the more complicated product solutions part of the spectrum." He added, "frankly, we undergrew the market historically," but said that "that now has changed for us."
The reassignment of European institutional mandates toward sustainability-based criteria points to continued demand from allocators for responsible-investment strategies, and Man Group's comments suggest it is positioning to capture a larger share of that demand. The headline references a $13 billion mandate; the available source material does not provide further detail on that mandate, so its specifics should be confirmed against the full Bloomberg report.
Jason Mitchell, Man Group's head of responsible investment research, said in an interview that the firm's sustainable-investment offering tends to sit "on the more complicated product solutions part of the spectrum." He added, "frankly, we undergrew the market historically," but said that "that now has changed for us."
The reassignment of European institutional mandates toward sustainability-based criteria points to continued demand from allocators for responsible-investment strategies, and Man Group's comments suggest it is positioning to capture a larger share of that demand. The headline references a $13 billion mandate; the available source material does not provide further detail on that mandate, so its specifics should be confirmed against the full Bloomberg report.
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