Saturday, 20 December 2014
Last updated 23 hours ago
Sep 20 2010 | 8:59am ET
The man behind the biggest act of consolidation in the hedge fund industry says that mergers and acquisitions activity in the sector is set to pick up—with a possible surprising twist.Man Group CEO Peter Clarke, who engineered his firm’s US$1.6 billion buy of GLG Partners, set to close within weeks, told Reuters that pension funds are likely to be major players in the consolidation game, as the bigger managers get bigger—and start closing their funds to new investors once again.
“I think there will be linkage between some of the big pension funds and big hedge funds,” Clarke said at a Financial Services Authority conference in London, with the former “trying to take stakes.”
“It will be on the sovereign wealth model,” he said.
But while Clarke expects more M&A activity in his industry, don’t expect him to take part. He said that Man had no plans for more acquisitions in the wake of the GLG deal.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.