Institutional investors need to allocate more to active alternatives such as hedge funds, says FRM’s Luke Ellis

Active management

ellis2-1012

Understated, relaxed and heading the third-largest global provider of hedge fund investment services to pension plans, Luke Ellis is CEO and chief investment officer of Financial Risk Management (FRM), Man Group’s fund of hedge funds and managed account platform business. His route to his position at first glance seems predictable.

Ellis (pictured) was head and CIO of the Man Multi-Manager business when the group decided to buy FRM. Before joining Man in 2010 he was non-executive chairman of GLG’