Man Group announces new appointment to ELS team

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Man GLG, the discretionary investment management business of Man Group, is pleased to announce the appointment of Moni Sternbach to its European Long Short team.

Sternbach, who joins from hedge fund business Cheyne Capital, will manage a new strategy which GLG plans to launch in Q1 2015.

Sternbach, a mid-cap specialist, joins Man GLG after almost three years as lead manager of the Cheyne European Mid Cap Long/Short strategies.

Prior to Cheyne, Sternbach was head of European smaller companies at Gartmore Investment Management, where he worked from 2002 to 2011. He has also worked at Bank of America and Deloitte & Touche and graduated from Cambridge University with an MA in Economics. He is a CFA charterholder and a qualified accountant (ACA).

Sternbach will report to Man GLG’s co-CEOs Teun Johnston and Mark Jones.

Teun Johnston said: 'Moni is an experienced European fund manager with an excellent track record and he will further enhance our capabilities in the European Long Short space. His mid-cap expertise will form the basis of a new strategy which we will announce in due course and it is with great pleasure we welcome him to Man GLG'.

Moni Sternbach said: 'Man GLG has a clear advantage in delivering investment returns and creating value for clients. Its leading edge infrastructure, corporate access and distribution are differentiators in an increasingly complex environment and I am hugely excited to be joining its exceptionally strong team of analysts, portfolio managers, strategists and traders'.

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