Man Dynamic Allocation

Man Dynamic Allocation ('Man DNA') harnesses the best of Man Group in a single global multi-asset approach, actively allocating across equities, bonds and alternative1,2 strategies.

  • Combines absolute return and long-only strategies to target ‘’Adjusted SONIA’’ + 4 % (gross of fees)3, with an expected annualised volatility of 6-8%
  • Invests in bespoke strategies managed by specialist teams across Man Group
  • Aims to achieve its return objectives through multiple return drivers: traditional risk premia, alternative risk premia, security selection alpha and asset allocation alpha
  • Accesses alternative strategies2 across Man Group, including Man Alternative Risk Premia strategies, designed and managed using Man Group’s expertise developed over 30 years of absolute return investing
  • Active tail hedging using in-house expertise seeks to mitigate downside

Furthermore, the Man DNA strategy benefits from specialist tail hedging which seeks to mitigate significant downside as well as risk management at multiple levels.

1. The strategy may allocate to certain strategies which may include, but not be limited to, those which focus on equities, fixed income, alternatives and risk premium strategies.
2. Alternatives may include exposure to certain alternative risk premium strategies.
3. ‘’Adjusted SONIA” refers to the Sterling Overnight Index Average rate (SONIA) administered by the Bank of England, to which a term adjustment (SONIA observed over a 3 month period and compounded in arrears daily during that period) and the additional "0.1193%" represents the industry fallback spread (reflecting the historical difference between to 3-month GBP LIBOR and SONIA) is applied.


The Man DNA team consists of two Portfolio Managers, Adam Singleton and Henry Neville, with Adam acting as lead PM. They are supported by Ikitsa Anastasov, a fixed income and derivatives specialist. The team benefits from access to extensive resources from across Man Group, including strategy management teams, tail risk hedging specialists, risk management, compliance and central execution professionals.

The Man DNA strategy aims to achieve its return objectives through the following return drivers:

  • Traditional equity and alternative risk premia - Man DNA aims to harvest risk premia from traditional equity and bond exposures, as well as alternative sources1 across asset classes, with the long term expectation that each should make indispensable contributions at different times
  • Security selection alpha - Through security selection within equity and fixed income allocations managed by specialist teams from across Man Group, who create bespoke books for Man DNA
  • Asset allocation alpha - Through variations to the allocations by the DNA portfolio managers using a disciplined proprietary ‘Fire & Ice’ allocation framework, with a particular focus on inflation-protection. These variations can apply to the overall exposure level of the strategy as a whole; to the proportions allocated to the three asset classes; and to the allocations to the strategies within asset classes. In addition, the DNA portfolio managers can also express views in an book of additional macro exposures such as duration adjustments to the bond exposures.

Furthermore, the Man DNA Strategy benefits from specialist tail hedging which seeks to mitigate significant downside as well as risk management at multiple levels.

Approach Alternative
Asset Class Multi-Asset
Geographic Focus Global

1. Alternatives may include exposure to certain alternative risk premium strategies.

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Investment Solutions

Man offers a comprehensive suite of investment solutions and formats that can be tailored and optimised to meet specific client needs. Our investment solutions offer optionality including: liquidity, control, investment restrictions, investor customisations and transparency.

Alternative investment funds
Regional funds
Separate accounts
Advisory mandates
Managed accounts

Access to investment products and mandate solutions are subject applicable laws and regulations including selling restrictions and licensing requirements. Investment solutions listed above may not be compatible for all investment strategies and may be subject to minimum subscription requirements. Regional Funds: In additions to UCITS and AIFs registered across the EEA, a number of investment strategies are available in vehicles registered in Chile, Netherlands, Hong Kong, Japan, Singapore, South Korea and Switzerland.


One should carefully consider the risks associated with investing, whether the strategy suits your investment requirements and whether you have sufficient resources to bear any losses which may result from an investment:

Investment Objective Risk - There is no guarantee that the Strategy will achieve its investment objective.

Market Risk - The Strategy is subject to normal market fluctuations and the risks associated with investing in international securities markets and therefore the value of your investment and the income from it may rise as well as fall and you may not get back the amount originally invested.

Counterparty Risk - The Strategy will be exposed to credit risk on counterparties with which it trades in relation to on-exchange traded instruments such as futures and options and where applicable, ‘over-the- counter’("OTC","non-exchange") transactions. OTC instruments may also be less liquid and are not afforded the same protections that may apply to participants trading instruments on an organised exchange.

Currency Risk - The value of investments designated in another currency may rise and fall due to exchange rate fluctuations. Adverse movements in currency exchange rates may result in a decrease in return and a loss of capital. It may not be possible or practicable to successfully hedge against the currency risk exposure in all circumstances.

Liquidity Risk - The Strategy may make investments or hold trading positions in markets that are volatile and which may become illiquid. Timely and cost efficient sale of trading positions can be impaired by decreased trading volume and/or increased price volatility..

Financial Derivatives - The Strategy will invest financial derivative instruments ("FDI") (instruments whose prices are dependent on one or more underlying asset) to achieve its investment objective. The use of FDI involves additional risks such as high sensitivity to price movements of the asset on which it is based. The extensive use of FDI may significantly multiply the gains or losses.

Leverage - The Strategy's use of FDI may result in increased leverage which may lead to significant losses.

Total Return - Whilst the Strategy aims to provide capital growth over 3 years, a positive return is not guaranteed over any time period and capital is in fact at risk.

Model and Data Risk - The Investment Manager relies on quantitative trading models and data supplied by third parties. If models or data prove to be incorrect or incomplete, the Strategy may be exposed to potential losses. Models can be affected by unforeseen market disruptions and/or government or regulatory intervention, leading to potential losses.

Commodity risk - The Strategy may have exposure to commodities, the value of which can be volatile may carry additional risk. Commodity prices can also be influenced by the prevailing political climate and government stability in commodity producing nations.