Man Group has raised $1.5 billion for a new hedge fund from Japanese investors, The Wall Street Journal reports. The Nomura Global Trend fund was launched in partnership with Japanese investment bank, Nomura.

The open-ended retail fund tracks the performance of Man Group’s AHL managed-futures strategy and targets Nomura’s private clients. The fund focuses on futures in currencies, commodities and fixed income and is available in three currency classes, adds The New York Times.

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