Opalesque Industry Update – Man Group, the global technology-enabled active investment management firm, today announces the launch of a new initiative, Capital Asset Solutions (“CAS”) within ManSolutions Limited. The initiative is led by new employees Dan Robinson and Stephan Muecke, who are based in London.
The CAS initiative will combine the breadth of Man Group’s investment capabilities in global credit markets with specialist expertise in regulation, product structuring and liquidity management to create solutions for clients operating in complex and regulated markets. The main focus is on the global retirement and savings services market distributed through insurance, pension funds and wholesale channels.
The CAS initiative will develop and manage a multi-asset credit strategy focused on institutional investors that dynamically allocates to Man Group’s liquid and private markets.
In addition, CAS will strategically partner with insurance companies to provide tailored and flexible solutions focused on both asset and liability management that will seek to help them improve their competitiveness, increase their resilience and develop. This will involve providing insurers with flexible capital, either through direct investments, reinsurance or other forms of balance sheet enhancing transactions, as well as leveraging Man Group’s sophisticated asset management capabilities.
All of these solutions will be provided within Man Group’s existing prudential regulatory framework.
Dan Robinson joins the company from CIFC Asset Management, where he was the CIO of their European business. He brings over 20 years of experience managing credit strategies in hedge funds and private equity, including three years at Apollo Global Management, where he was Head of Liquid Credit (Europe), and twelve years at Oaktree. Capital. Dan joins as Managing Partner of Capital Asset Solutions.
Stephan Muecke joins the firm from Swiss Re. He brings over 15 years of experience in private equity, mergers & acquisitions and liability solutions in the regulatory complex insurance space and has held several leadership positions in asset management and insurance strategy throughout his career. Prior to Swiss Re, Stephan worked at Oaktree Capital and Merrill Lynch. Stephan joins as Managing Partner of Capital Asset Solutions.
The duo brings with them over 35 years of combined experience in asset management and insurance. They will be joined by a team of industry professionals experienced in providing asset and capital management solutions in regulated markets.
Luke Ellis, CEO of Man Group, said: “Substantial structural changes in the global asset management and insurance markets over the past decade have deprived insurers of yield and created a more complex regulatory environment. . By leveraging Dan and Stephan’s considerable expertise and combining with our established alternative investment platform, we believe we are well positioned to provide innovative asset, portfolio and capital solutions for insurers. and in related product areas. The markets we are targeting are large, so there is scope to create scalable enterprise insurance asset management and we look forward to expanding our capabilities in this area.”
Dan Robinson, Managing Partner, CAS, said: “We believe there is a huge opportunity to meet the needs of investors in complex regulated markets, such as insurance, with investment products optimized for their yield, liquidity and their regulatory needs. The sophistication and breadth of Man Groupe, particularly in the areas of credit, technology and bespoke solutions, in conjunction with a commitment to providing capital, in our view represents a very compelling offering in our target markets. This requires an integrated approach and we are very happy to add our specific expertise in delivering these solutions to customers.”
Stephan Muecke, Managing Partner, CAS, said: “In our view, Man Group is ideally positioned to establish itself as a strategic partner for insurance companies globally by integrating insurance and management capabilities of assets. The ability to deploy flexible capital throughout the cycle and – in combination with our capital efficient asset management solutions – enable our partners to navigate the increasingly competitive insurance market We are also delighted to provide our clients with access to attractive risk pools through investment solutions at the intersection of the insurance industry and capital markets.”
As of September 30, 2021, Man Group had $139.5 billion in funds under management.
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