Man Group

Our latest quarterly credit market update highlights a shift in focus away from US assets. Sriram Reddy, Putri Pascualy, CFA, CQF, John Lidington, CFA, and Tarek Abou Zeid examine the interplay between elevated dispersion, technical tailwinds, and fiscal dynamics across European and emerging market debt. Read their perspectives on where active managers might find value this quarter. https://lnkd.in/eWa3bA53

Since ChatGPT burst onto the scene in November 2022, AI has rapidly advanced beyond simple conversational interfaces toward autonomous “agentic AI”. In the first in a two-part series, we demonstrate how this technology can bridge the gap between generic large language model responses and fully integrated, actionable research output, and explain how agentic AI can be employed to accelerate research on trend-following strategy design. Read the full paper: https://lnkd.in/eRBAPv2d

Thank you to everyone who joined us for today’s Investing in Innovation Roundtable. A select group of UK wealth management CIOs gathered in London to hear from Tim Harford, bestselling author, on the power of data in our daily lives, and Dr Yu Jie, Senior Research Fellow on China at Chatham House, who discussed the shifting dynamics in the geopolitical and economic back and forth between China and the US. The group also heard from Man Group experts including Ed Cole on the role of liquid, diversifying alternatives in portfolios and from George Whicheloe on how to quantitatively assess portfolio manager skill.

By 2075, space flight could be as routine as catching a commercial flight today. What was once the exclusive domain of governments is now being democratised by private companies like SpaceX. As we discuss in our latest MAIS article, inspired by a talk by Prof. Sir Martin Sweeting, the implications are staggering. But this new frontier brings critical challenges. Who owns orbital real estate? How do we govern space resources? Can we protect the Earth from cosmic conflicts? Read on for insights on the cosmic exploration revolution. https://ow.ly/C2cU50X9K95

The flare-up in trade tensions is whipsawing stock markets again. And traditional equity defences don't always work when investors need them most. In this week's very timely Views from the Floor, Tracey Nilsen-Ames outlines our latest research findings on the weakness of traditional defensive strategies like Low-Volatility, Quality, and Large-Cap during downturns. She also explores which targeted modifications can improve their effectiveness. https://ow.ly/wOWB50Xb040

From political upheaval across three continents to the dollar's eroding reserve status, the old certainties are crumbling. In this week's Signals & Sentiment, Chief Market Strategist, Kristina Hooper, examines what happens when free trade fades and fiscal discipline disappears, and why stretched valuations make this moment particularly precarious for investors. https://lnkd.in/enRe-kHS

Fourteen years ago, managed accounts were a niche corner of the hedge fund industry. Today, they represent over $300 billion in assets and command nearly 8% of total industry allocation. This trajectory tells a story about how institutional investors have evolved their allocation needs and preferences. As allocators discovered the power of cross-margining, notional funding, and position-level transparency, adoption has accelerated.

Looking for your next investment research read? Take a look at some of our most-read papers from the past month, from China’s QFII framework to the surprising parallels between black holes and quantum computing, here are the insights shaping the future of investing. The US credit market represents over 60% of global credit indices, but may not hold the best opportunities. European and emerging market credit are demonstrating supportive technical, better fundamentals, and levels of dispersion that create alpha potential. Click here to read more: https://ow.ly/5Ot250X73TI Did you know black holes and quantum computing share surprising mathematical parallels? Explore physicist Brian Cox's fascinating insights from our Man Alternative Investment and stay tuned for more snapshots of discussions led by some of today's brightest minds in science, politics, academia and investing. https://ow.ly/yOeb50X73TF In our latest Man AHL analysis, Yash Panjabi outlines how the expansion of the Qualified Foreign Institutional Investor framework offers a path to diversification opportunities through a China-focused systematic trend-following strategy. https://ow.ly/huTN50X73TH Jason Mitchell speaks with Heather Zichal, JP Morgan’s Global Head of Sustainability, about the pressures reshaping corporate climate commitments and the growing urgency of climate adaptation alongside decarbonisation. Listen to the full episode here: https://ow.ly/UEQC50X73TG What happens when homes or other assets can no longer be insured? Trend-following strategies are more diverse than they seem. In our latest Man AHL paper, we explore key portfolio properties driving dispersion among trend followers and what contributes to their differentiation. Listen to the full podcast here: https://ow.ly/ZjsC50X73TL In the latest paper from Man AHL, we explore the portfolio properties that can lead to dispersion and consider how each contributes to differentiation in trend-following outcomes. Read the full paper here: https://ow.ly/cz1Y50X73TN

Have markets decoupled from geopolitical risks? It appears that grumbles, uncertainty, and political difficulties are not enough to offset positive data on corporate earnings and investment, particularly on anything AI related. But for how much longer? More insights from Adam Singleton’s in the latest Q4 Hedge Fund Strategy Outlook. https://lnkd.in/eRdzNriB

That’s a wrap on our Swiss Credit Roadshow! This week, we brought members of our award-winning Credit platform to Geneva and Lugano, where we explored today’s uncertain fixed income landscape with clients and partners. Portfolio managers Michael Scott, CFA, and Kaushik Rambhiya shared their insights on navigating a bond market that has yet to fully price the risks of recession. Discussions covered: - The impact of geopolitical tensions and shifting US policies on public bond markets. - Key opportunities across credit asset classes, from investment grade to high yield. - Strategies for managing risk and uncovering value as economies approach the end of the credit cycle. Thank you to our all clients who attended and to everyone involved in making this event happen! Find out more about our approach to credit markets here: https://lnkd.in/eEYFErSW