Man Group CEO Says Fighting Day Traders Is Like Playing Poker
- Luke Ellis spoke at the Bloomberg Invest Global conference
- He says there’s been a greater number of retail investors
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A stock market surge fueled by day traders has been tough even for the world’s largest publicly listed hedge fund firm, which is learning how to make money out of the “new player” in the trading world.
“It’s hard to play poker with someone you haven’t seen before,” Luke Ellis, chief executive officer of Man Group Plc, said on Wednesday at the Bloomberg Invest Global virtual conference.