Man GLG has unveiled a pan-European Ucits fund for Rory Powe.
The Dublin-domiciled Man GLG Pan-European Equity Growth fund invests across all market caps. I will hold a concentrated portfolio of 30 to 40 stocks, focusing on 'established leaders' and 'emerging leaders' investment opportunities.
Powe is be joined on the fund by analyst and deputy portfolio manager Virginia Nordback and analyst Ivan Rachev.
Teun Johnston, chief executive officer of Man GLG, said: 'Rory’s long and successful career investing in European companies has enabled him to hone a strategy that is both high conviction and focused on investing in Europe’s strongest companies.'
Powe (pictured) currently runs the £550 million GLG Continental European Growth fund, which he took on in 2014. The fund has returned 67.7% against FTSE World Europe ex UK which achieved 30.8% over the same time period.