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Man GLG makes $450m bet on innovation

Former partner at Cheyne Capital to run new fund investing in companies susceptible to innovation

Man GLG makes $450m bet on innovation

Man GLG has appointed a former Cheyne Capital partner to run a new $450 million fund investing in companies susceptible to technological innovation.

In a statement on February 7, the discretionary investment division of the UK-listed hedge fund group said the new global long/short equity fund, called Man GLG Innovation Equity Alternative, would be managed by Priya Kodeeswaran.

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