Friday, 25 July 2014
Last updated 20 sec 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.
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…