Man Investments, a London hedge fund manager, has announced the opening of a Canadian operations in Toronto.
Man Investments Canada Corp. is to specialize in alternative investment products for private clients and institutional investors.
The London company, which was started 20 years ago, has more than 450 alternative investment vehicles in 14 countries; it managed $49.9 billion at March 31. Man Investments has offices, including in Chicago and New York, in 14 countries.
The Canadian unit, which was opened with a staff of six investment professionals, will build a menu of investment products to suit the private-client and institutional markets, the company said. It will base a senior executive in British Columbia and cover all of Canada.