Man Group chief investment officer Gregory Bond believes the multi-strategy hedge fund model remains well positioned to attract capital, as investors look for diversification and uncorrelated returns in an increasingly volatile market environment, according to a report by Financial News London.
Bond said diversified and consistent performance is “incredibly valuable” at a time when uncertainty is being driven by factors such as US tariff policy and rising geopolitical tensions. Multi-strategy funds, which combine multiple portfolio managers and strategies under one platform, are designed to reduce correlation to traditional equity and bond markets.
He added that scale gives multi-strategy firms a structural advantage. While growth can lead to diminishing returns for single-strategy funds, Bond argued that scale in multi-strats creates a reinforcing cycle: stronger performance supports asset growth, which allows firms to add strategies, improve diversification and deploy leverage more effectively.
Despite ongoing scrutiny around fees and costs – highlighted by the closure of Eisler Capital last year – Bond said the largest platforms continue to thrive, helped by their ability to attract top talent. Competitive pay remains important, but he noted that collaborative working environments, flexible capital allocation and long-term career prospects are increasingly decisive factors for portfolio managers.
Bond also said Man Group is preparing to apply for a licence to open an office in Abu Dhabi, which could become a future hub for multi-strategy investment talent and other functions.
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