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New Man to control risk at AHL
MAN Group has shaken up the management of its flagship AHL fund after a series of poor returns.
The world’s largest listed hedge fund group said Douglas Greenig, a mathematician with management and trading experience at RBS Greenwich Capital and Fortress, will replace Matthew Sargaison as chief risk officer. Sargaison becomes chief investment officer.
AHL, a $21bn computer-driven fund, lost 6.4 per cent in 2011.
Shares in Man have fallen more than 60 per cent since September and closed down 7.1 per cent at 82.45p last night.