No More Big Deals For Man After GLG Buy

Jun 17 2010 | 1:16pm ET

Buying GLG Partners will make the Man Group big enough for now, Man CEO Peter Clarke said.

Man said last month that it would buy London-based and New York-listed GLG for US$1.6 million last year, a move that could create the world’s largest hedge fund manager with US$63 billion in assets. But Man isn’t on the lookout for any other big names to buy.

“It is effectively job done for our liquid trading strategies,” Clarke told the GAIM conference in Monaco. He added that the GLG deal should bring a return on capital within three years.

But while Clarke dismissed talk of any other “significant” acquisitions, he did say, “It’s possible we could infill with smaller mergers in Asia-Pacific.”

In one part of that region, however, the GLG deal is likely to do the trick. Man Investments Securities Japan chief Hidehiko Hayashi told Reuters that adding GLG “will have a big impact on our business” in the Land of the Rising Sun.

Japanese investors are likely to gravitate towards GLG’s equity hedge and global macro offerings, Hayashi said, and that new products could come in the next fiscal year.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Compelling Opportunities In The Alternatives Space

Jul 29 2014 | 9:33am ET

In an environment where many asset classes seem expensive by historical standards...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note