Following the GLG Partners Acquisition, Man Group will set its sights on Asia Pacific hedge funds

June 17th, 2010
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Following Man Group Plc's (LSE: EMG) $1.6 billion purchase of GLG Partners (NYSE: GLG) in May, Man Group's chief executive Peter Clarke stated that the firm does not foresee any similarly sized acquisitions in its future. According to Reuters, the firm may now consider some smaller acquisitions of Asia Pacific hedge funds.

Man Group aims to achieve at least a 10 percent return on capital from the GLG Partners buy-out within three years, stating that the mergers’ ultimate success is contingent on the amount of asset under management Man can raise through the GLG offerings.
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GLG Partners
Man Group plc
Related People: ; Emmanuel "Manny" Roman; Emmanuel Roman; Jason Mackay*; John White; Jon Aisbitt; Mark Jones; Noam Gottesman*; Pierre Lagrange; Teun Johnston
Related Entities: AHL; BlueCrest Capital Management; GLG Alpha Select Fund; GLG Partners; GLG Partners Inc; GLG UK Growth; GLG UK Income; GLG UK Select; Man Global Strategies; Man Investments
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Investment Management and Hedge Fund Firm Mergers, Acquisitions, Spin-offs and Transactions

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