Man Global Strategies (MGS), a core investment manager of Man Investments, has formed the Founders Incubation Platform (Founders Program), a seeding and incubation platform for U.S.-based hedge fund managers.
The Founders Program combines a traditional seeding platform with a multi-strategy investment platform. It aims to provide entrepreneurial portfolio managers with a robust infrastructure and sufficient capital so they can concentrate solely on asset management.
MGS has joined in a strategic venture with Plinthos Capital LLC (‘Plinthos’) to support the program. MGS, which has $US 19bn of client assets under management, has a long history of seeding and incubating managers. MGS provides the investment and working capital for this incubation platform while Plinthos provides comprehensive infrastructure support. Simon Irish, Head of U.S. Manager Selection for MGS, leads the initiative.
“The Founders Program will enable us to support some of the best money managers to develop sustainable asset management businesses with long-term performance potential,” says Alexander Lowe, CEO of Man Global Strategies.