Man Group hires Carmignac executives for new emerging market equity fund

LONDON (Reuters) - Man Group's GLG unit has hired two portfolio managers from European asset manager Carmignac Gestion as it prepares to launch a new emerging markets equities fund. Simon Pickard, who was the head of emerging market equities at Carmignac, and Edward Cole, who co-managed the firm's emerging market multi-strategy fund, will invest for the long-only fund, Man Group said in a statement on Thursday. London-based Man Group is the world's biggest listed hedge fund firm and managed $73 billion (48 billion pounds) in assets at the end of December last year. (Reporting by Nishant Kumar; editing by Simon Jessop)