Thursday, 18 September 2014
Last updated 13 hours ago
Nov 3 2010 | 2:53am ET
Despite widespread market rumors earlier this year, the world's largest asset manager says it was never interested in acquiring the world's largest listed hedge fund manager.
BlackRock CEO Laurence Fink told France's Les Echos that a tie-up with the Man Group was never in the cards.
"We have never, ever looked at Man Group, even though we like the company," Fink said. BlackRock owns an 11.4% stake in Man, which itself last month acquired fellow hedge fund GLG Partners.
Meanwhile, the Man rumor mill has moved on to Bank of New York Mellon, which last month was reported to be mulling a bid for the hedge fund manager.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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