Man Hires Cheyne’s Sternbach for Equities Strategy at GLG
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Man Group Plc, the biggest publicly traded hedge-fund manager, hired Moni Sternbach, a former partner at Cheyne Capital Management, to manage a new equity strategy at its GLG unit.
Sternbach, 39, is a mid-cap specialist, and the new strategy is scheduled to start the first quarter, according to a statement today by London-based Man Group. He will report to Teun Johnston and Mark Jones, co-chief executive officers of Man GLG.