MOVES-Man GLG hires Chu from BNY Mellon to lead natural resources portfolio

Reuters2023-10-10

NEW YORK, Oct 9 (Reuters) - Man GLG, the investment arm of Man Group Plc , on Monday said it hired Albert Chu as portfolio manager of a new investment strategy that will take on natural resources, according to a Man statement.

Chu was previously with Bank of New York Mellon where he managed a portfolio of investments in companies ranging from energy to food processing and healthcare.

He has also previously managed investments in energy and materials for other investment firms including Citadel, Alger and SAC Capital.

"This sector (natural resources) is undergoing significant change currently, driven by cyclical and secular trends, and as such provides an opportunity to unlock alpha," said Man GLG CEO Teun Johnston in the statement.

(Reporting by Marcelo Teixeira Editing by Tomasz Janowski)

((marcelo.teixeira@tr.com; +1 332 220 8062; Reuters Messaging: marcelo.teixeira.thomsonreuters.com@reuters.net - ))

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