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Man hires ex-BlueCrest chief to run GLG multi-strategy funds
by Dylan Lobo on Oct 14, 2013 at 10:16
Man Group has hired former BlueCrest Capital Management chief executive Neil Mason to run its multi-strategy portfolios.
Mason, who joins from Harvard Management Company where he was chief risk officer, will report to Man president Luke Ellis (pictured).
As part of the restructure David Kingsley will report to Mason and continue in his current role as portfolio manager.
Kingsley will also have input on the asset allocation and strategy selection, while focusing on the day-to-day portfolio risk and trading activities of the portfolios.
'We believe Neil's appointment will enhance our expertise in managing GLG’s multi-strategy portfolios,' Ellis said in a statement.
'Neil will also work with me in overseeing the full range of investment strategies across the firm, with a focus on the discretionary strategies at GLG. We are very pleased to welcome him to Man, and David to GLG to continue his important role as portfolio manager.'
As chief executive of BlueCrest Capital Management Mason was responsible for business and capacity development risk management. He quit the firm in 2006 to join FRM and spent three years at the firm before moving to Harvard.
His career has also seen him run Bank of America's European Interest Rate trading desk.
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