Tuesday, 1 December 2015
Last updated 16 hours ago
Oct 19 2010 | 1:41am ET
The Man Group, fresh from its acquisition of GLG Partners, is preparing to put its new stable of hedge funds to work for its old one.
Man CEO Peter Clarke said the London-based hedge fund behemoth will launch its first product combining GLG funds and its own flagship, AHL, early next year. The two firms completed their US$1.6 billion merger on Thursday, creating a firm with some US$63 billion in assets.
"The markets remain a little bit volatile and investors are still a bit cautious about applying risk capital to their portfolios, but this is a fantastic product and in the long term I think will be a mainstay of the Man product offering," Clarke told Cantos.
The new GLG-AHL product will debut in the first quarter.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…