Man To Acquire GLG

17 May 2010

Man Group has reached agreement to acquire GLG Partners, creating a hedge fund with combined assets under management of roughly USD63 billion.

Man Group has reached agreement to acquire GLG Partners, creating a hedge fund with combined assets under management of roughly USD63 billion. Man reportedly has been looking to diversify its business as AHL, its investment unit, has been performing poorly. Even with the acquisition of GLG, total assets ...

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