Man Group completes GLG acquisition

Man Group has completed the acquisition of GLG, creating an alternative asset manager with around $63bn (€44.6bn) in assets under management.

In a press release announcing the completion of the purchase, Man said GLG’s products, which span a broad range of strategies from equity to global macro, offer both interesting investment opportunities on a standalone basis as well as complementing Man’s existing range.

Peter Clarke, chief executive of Man, said: “The acquisition of GLG is a significant milestone in Man’s development.  Investors are now able to gain access to managed futures, equity, credit, emerging markets, global macro, across single manager funds, managed accounts, multi-manager portfolios and structured products, all managed by Man’s experienced investment professionals.  This builds on our commitment to providing investors with strong risk-adjusted performance that can add diversification benefits to an investment portfolio.

“Our priority now is to maintain focus on delivering outstanding investment performance. We are convinced that the combined strengths of Man and GLG will provide compelling investment opportunities for our clients going forward and look forward to introducing GLG’s exceptional investment management capabilities to a broader global market.”

©2010 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

CLOUD DATA PLATFORMS

Luxembourg is one of the world’s premiere centres for cross-border distribution of investment funds. Read our special regional coverage, coinciding with the annual ALFI European Asset Management Conference.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST