Man GLG, Man Group's discretionary investment unit, has appointed EOF Partners founder Sof Yiannakas and his team of two analysts – Andreas Christoforou and Giorgi Tevzadze – to run a new European opportunities long-short equity strategy.

Man GLG, Man Group's discretionary investment unit, has appointed EOF Partners founder Sof Yiannakas and his team of two analysts – Andreas Christoforou and Giorgi Tevzadze – to run a new European opportunities long-short equity strategy.

The new strategy will target European companies that are set to generate long-term value growth for investors while the short side of the portfolio will invest in stocks where the the investment team believes there is a difference between the economic reality and the "accounting representation and market perception" of a company.

"This appointment will bolster our offering to clients seeking an alpha-focused alternative offering in the European equity market," said Teun Johnston, CEO of Man GLG. "Sof and his team have a differentiated investment approach, including the application of forensic accounting skills to stock selection, that we think is highly relevant in the current environment."

Yiannakas said: "Europe is an under researched market that offers attractive opportunities for active investors that have the ability to seek out high-quality, undervalued companies that can deliver long term growth.

"It is great to be part of the team at Man GLG, I am looking forward to building out a differentiated European equity strategy that is underpinned by fundamental, bottom-up research."Man GLG is the discretionary investment unit within money manager Man Group, which manages $138.4 billion in assets.