Rumors Have BlackRock Buying Man Group

BlackRock, the world’s largest money-manager, has taken a big stake in the Man Group, sparking speculation that the New York-based firm is preparing a take-over of the world’s largest publicly-listed hedge fund group.

A regulatory filing shows that BlackRock, which manages US$3.35 trillion, now owns a 10% stake in Man, which manages US$40 billion.