The Man Group, a technology-enabled active investment management firm, has launched Capital Asset Solutions (CAS) within Man Solutions Limited, a new initiative designed to provide insurers with flexible and flexible reinsurance/insurance solutions with a focus on liabilities and asset management.
Mostly, CAS will focus on the global retirement services and savings market distributed across insurance, pension fund and wholesale methods.
The new initiative combines the Man Group’s breadth of investment capabilities across global credit markets with expertise in regulation, product structuring and liquidity management to develop solutions for clients operating in complex and regulated markets.
In addition, CAS will develop and manage a multi-asset credit strategy focused on the institutional investor and dynamically allocating to liquid and private markets across the parent company.
Through strategic partnerships with insurance companies, CAS will endeavor to help them improve their competitiveness, resilience and growth.
This includes providing companies with “flexible capital, either through direct investment, reinsurance or other transaction-enhancing forms of balance sheet, as well as leveraging the advanced asset management capabilities of the Man Group,” the company says.
All of these solutions will be provided within the existing MAN Group prudential regulatory framework.
The CAS initiative is led by Dan Robinson and Stephan Moecke, both based in London.
Robinson joined as Managing Partner of CAS from CIFC Asset Management, most recently serving as CEO of their European operations. He has over two decades of experience managing credit strategies across hedge funds and private equity. This includes three years at Apollo Global Management, where he was Head of Liquid Credit (Europe), and 12 years at Oaktree Capital.
Muecke also joins as Managing Partner of CAS. He joined from his most recent position at reinsurance giant Swiss Re, bringing over 15 years of experience in private equity, mergers and acquisitions and liability solutions in the complex regulatory insurance space. Prior to Swiss Re, Muecke worked at both Oaktree Capital and Merrill Lynch.
Robinson and Muecke will be joined by a team of industry professionals experienced in providing asset and capital management solutions in regulated markets.
Chief Executive Officer (CEO) Luke Ellis said: “The significant structural change in both global asset management and global insurance markets over the past decade has deprived insurers of revenue and created a more complex regulatory environment.
“By leveraging Dan and Stefan’s extensive experience, and integrating it with our well-established alternative investment platform, we believe we are well positioned to provide innovative asset, portfolio and capital solutions to insurers and in related product areas.
“The markets we are targeting are vast, so there is scope to create a scalable insurance asset management business and we look forward to building our capabilities in this area.”
Robinson noted: “We believe there is a significant opportunity to match the needs of investors in complex regulated markets, such as insurance, with investment products that optimize their returns, liquidity and regulatory needs.
“The evolution and breadth of Man Group, particularly in credit, technology and customized solutions, combined with a commitment to capital provision, represents a very compelling proposition across our target markets from our point of view. This requires an integrated approach and we are very excited to add our specific expertise in delivering these solutions to clients “.
Muecke added: “In our opinion, Man Group is ideally positioned to establish itself as a strategic partner for insurers globally by integrating insurance and asset management capabilities. The ability to deploy flexible capital throughout the cycle will be central to its new insurance strategy and – in combination with its capital efficient asset management solutions – enabling our partners to navigate the increasingly competitive insurance market.
“We are also pleased to offer clients access to attractive risk pools through investment solutions at the intersection of the insurance industry and capital markets.”
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