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Man Group merges AHL and Numeric into $156bn systematic platform
The combined Man Systematic operation, completed in June, brings together more than 250 staff, including about 100 technologists, under one leader.
Man Group has combined its two flagship quantitative investment businesses, AHL and Numeric, into a single systematic platform managing $156bn, as Hedgeweek reported via a Business Insider account.
The newly formed Man Systematic was completed in June and consolidates more than 250 employees, including around 100 technologists. Russell Korgaonkar, previously head of AHL, leads the combined operation, while Daniel Taylor, formerly head of Numeric, becomes deputy chief investment officer.
Hedgeweek says Man’s quant leadership pointed to two key shifts behind the move: accelerating capabilities driven by artificial intelligence and the challenge of recruiting and retaining talent in a more competitive market.
According to Hedgeweek, the firm expects the merger to create a larger research ecosystem so ideas and data can move more easily between teams, aiming to improve performance across its systematic strategies. The outlet also notes the change in how quant research work may be done as newer AI coding tools alter workflows, potentially letting researchers spend more time developing investment hypotheses rather than routine coding.