The transaction will allow Man to focus on its institutional business in Canada. In conjunction with the spin out of MICC to Management, MICC has changed its name and will now conduct business in
Next Edge will continue to be led by the existing MICC senior management team while affiliates of Man will remain as the investment manager of the underlying strategies to which select Canadian funds managed by Next Edge allocate. Next Edge will be conducting a rebranding of the funds which it manages to reflect the change of name of the manager.
"We are looking forward to our continued relationship with Next Edge as they look to expand our retail fund line-up in Canada. This transaction will enable Man to focus our resources on our growing institutional and pension business across
"We are excited about the opportunity to continue to build out our Canadian retail platform and expand the suite of Man products and investment strategies available through retail distributors here," said Toreigh Stuart, CEO of Next Edge.
Man is a world-leading alternative investment management business. It has expertise in a wide range of liquid investment styles including managed futures, equity, credit and convertibles, emerging markets, global macro and multi-manager, combined with powerful product structuring, distribution and client service capabilities. As at
The original business was founded in 1783. Today, Man is listed on the
Man is a signatory to the United Nations Principles for
About Next Edge
Next Edge was formed via a management spin out of the Canadian office of Man on
Next Edge searches the world for the next strategies that will deliver robust returns, while taking risk/reward into account in every investment decision. The people, strategies and approaches we discover may or may not be well known in
Not for release, publication or distribution, in whole or in part, in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction.
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