A Fairer, Kinder Hedge Fund? Ellis’s Plan for Man Group

Mar.18 — Luke Ellis, chief executive officer of Man Group Plc, doesn’t say the things most hedge fund managers say. For starters, he thinks many of the firms in his industry are charging too much for too little return. And instead of a perform-or-you’re-out environment, he wants Man to be a place that employees actually like and “where they know they’re doing something that’s not about making a billionaire a bit more billion-y.” In this interview, Ellis discusses Man’s quantitative focus, its competition, research into new capabilities and efforts to improve diversity. He spoke exclusively with Erik Schatzker on Bloomberg’s “Front Row.”

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