Man Group Raises $500 Million for Hedge Fund Run by CIO Rattray
- The fund is named Man Group 1783 after firm’s founding year
- It gives clients access to strategies across company’s funds
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Man Group Plc’s chief investment officer Sandy Rattray is running money once again -- and this time he has a 237-year reputation to protect.
The firm has started a hedge fund managed by London-based Rattray and named it Man Group 1783 after the year the firm was founded, according to a person with knowledge of the matter. The fund began trading this week with about $500 million, the person said, asking not to be identified because the information is private.