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What's New In Investments, Funds? - Vontobel, Man Group

Editorial Staff

22 September 2021

Vontobel
, has launched a fund that takes long and short market positions, also employing a sustainable investment style.

The Man GLG RI Global Sustainable Growth Alternative, a  UCITS fund, aims to provide investors with an absolute return by taking both long and short positions in equities issued by companies globally. 

It is managed by lead portfolio manager Rory Powe, who manages more than $3 billion in European equities and co-manages the global, long-only fund Man GLG RI Global Sustainable Growth with Virginia Nordback. 

Using a high-conviction long portfolio of 25-45 world class companies, and a short portfolio designed to hedge market and factor risks, the fund will maintain a positive ESG bias. An element of the short book will also strive to add returns to those coming from long positions, Man Group said.