Man Group Names FRM's McCloskey as President of Man Americas

Mar 9 2017 | 5:44pm ET

Man Group has appointed Man FRM president Michelle McCloskey as president of Man Americas as the global hedge fund manager continues to expand its presence and commitment to the U.S.

In her new role, McCloskey will work with the Americas sales team, under Eric Burl's leadership as Head of Man Americas, to deepen Man’s relationships with investors in the Americas, the company said in a statement. The position is new and will be undertaken in addition to McCloskey’s current responsibilities as president of Man Group subsidiary FRM.

McCloskey joined Man Group in 2006, became a senior managing director of Man FRM and a member of Man Group’s executive committee in 2013, and was named president of Man FRM in 2015.  Before joining Man Group, Michelle was a portfolio manager for over twenty years in the commodities sector for a variety of institutions in the U.S.

“Man Group and Man FRM have grown significantly across the Americas in recent years, both organically and through strategic acquisitions, and I am delighted to announce that Michelle has been appointed President of Man Americas,” said Eric Burl, Head of Man Americas, in the statement. “She has played a leading role as the firm has expanded here and this appointment reflects our continued commitment to serving our clients and developing our business in the Americas.” 

London-based Man Group, which traces its heritage back to the 1783 founding of a sugar coop and brokerage company by James Man, managed $80.9 billion as of December 31, 2016 through its five investment management businesses: Man AHL; Man Numeric; Man GLG; Man FRM and Man Global Private Markets. It is the largest listed hedge fund manager in the world. 

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