Man Group secures significant mandate from Colonial First State

Sydney, 20 March 2025

Man Group, the global investment management firm, announces it has won a significant mandate from one of Australia’s leading wealth managers.

Colonial First State (CFS) is investing in global fixed income through Man Numeric, the Boston-based systematic equities and credit investment manager of Man Group, with an initial allocation in Q4 2024 of more than AU$1 billion in a strategy benchmarked to the Bloomberg Global Aggregate Index.

Hersh Gandhi, Head of Asia Pacific at Man Group said:

“At Man Australia we see increased investor interest in systematic approaches to fixed income, particularly as market complexity and data availability continue to expand. We are excited to apply our systematic approach to the Global Aggregate universe. We thank CFS for their trust in Man Numeric, and we look forward to working with them closely in the years ahead.”

Jonathan Armitage, CIO of CFS added:

“It was Man’s innovative and disciplined approach to global fixed income which set them apart. I see systematic credit and fixed income becoming a growing part of how large institutions will access asset classes that were previously the domain of fundamental managers. It’s important that we have the right partners in place to provide our clients with a range of investment options.”

The investment team is led by Man Numeric Co-PMs and Heads of Fixed Income, Paul Kamenski and Rob Lam.