Man Group says its trend-tracking funds suffered last year due to SVB’s unexpected collapse

Man Group, the world’s largest publicly traded hedge fund operator, on Thursday said its main trend-following fund saw its returns suffer in 2023 after being thrown off course by the unexpected collapse of Silicon Valley Bank in March 2023.  The London money manager said its leading AHL Alpha systematic trading fund achieved returns of just 1% last year, after the investment fund’s trend-tracking strategy was caught out by a “year that defied market expectations.”Man