Man Group discussing deals with SAC Capital and GLG Partners

March 29th, 2010
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Man Group Plc, which has more $40 billion in assets under management, is reportedly looking into new investments and acquisitions. A recent Bloomberg article states that Man Group is discussing investing in or distributing funds of Steven A. Cohen’s SAC Capital Advisors LLP. Man Group is also evaluating an acquisition of GLG Partners Inc. (NYSE: GLG), which manages $22.2 billion in over forty funds.

Man Group’s trading program called Man AHL Diversified Plc, which makes up approximately half of the firm’s assets, lost 17% in 2009 and has barely changed in 2010 according to Bloomberg data. Peter Clarke, Man Group’s CEO, told investors on Wednesday that he aims to boost the firm’s equity long-short strategies, possibly through accessing or acquiring other hedge funds.
For Detailed Investor Profiles on these Investors, click below:
GLG Partners
Man Group plc
Point72 Asset Management (SAC Capital)
Related People: ; ; Douglas Haynes (President); Chandler Bocklage*; Emmanuel "Manny" Roman; Emmanuel Roman; Jason Mackay*; John White; Jon Aisbitt; Mark Jones; Noam Gottesman*; Peter Nussbaum*; Pierre Lagrange; Sol Kumin*; Steven A. Cohen; Ted Orenstein*; Teun Johnston; Tom Conheeney*
Related Entities: AHL; BlueCrest Capital Management; Canvas Capital*; CR Intrinsic Investors*; Cubist Systematic Strategies; EverPoint Asset Management; GLG Alpha Select Fund; GLG Partners; GLG Partners Inc; GLG UK Growth; GLG UK Income; GLG UK Select; Man Global Strategies; Man Investments; S.A.C. Global Investors; SAC Meridian; SAC MultiQuant; Sigma Capital Mgmt; Walter Capital*
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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