Man, GLG In $1.6 Billion Merger

May 17 2010 | 11:23am ET

The Man Group will pay US$1.6 billion to buy GLG Partners in a move that could once again make the firm the world’s largest hedge fund manager.

The cash-and-stock deal will give the combined company more than US$62 billion in assets. While that’s still far below US$79.5 million that Man managed before the economic crisis, it is more than the total managed by the world’s biggest hedge fund manager, JPMorgan Asset Management, which had US$53.5 billion at the beginning of the year.


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Publisher's Note

    Hedge Funds Care Gala Raises $2 Million For Charity

    Mar 10 2014 | 11:33am ET

    A huge thank you to all of the people who helped make last Thursday’s HFC NY Open Your Heart to the Children Benefit such a success. The charity gala raised nearly $2 million to prevent and treat child abuse in New York, New Jersey and Connecticut. Read more…