Stanley Fink Plans Trend Fund in Challenge to Man Group’s AHL

Date: Monday, February 22, 2010
Author: Bloomberg

Stanley Fink, whose investments in trend-following hedge funds lifted Man Group Plc’s assets more than 10-fold in seven years as chief executive officer, is starting a rival to his former employer’s largest fund, AHL.

Fink, now CEO of London-based International Standard Asset Management Ltd., said today in a statement he will team with Larry Hite, co-founder of trend-following fund firm Mint Investment Management, to start ISAM Systematic in April.