Man Opens New London Headquarters

Jul 15 2011 | 12:01pm ET

The Man Group yesterday officially opened its new riverside headquarters in London, with help from Britain's Chancellor of the Exchequer.

The new 10-story building, which cost £250 million, features two new trading floors and will house nearly 1,000 employees. It is located on Swan Lane alongside the River Thames, just a half-mile up the river from its old headquarters on Sugar Quay and featuring views of London Bridge and the Tower of London.

Man has a 20-year lease on the building, Riverbank House.

"This new world-class facility demonstrates Man's continued commitment to London after being located in the City for more than two centuries," CEO Peter Clarke said, referring to Man's origins as a barrel-maker in 1783. Now, it is an alternative investments giant with more than US$70 billion in assets.

For his part, Chancellor George Osborne thanked Man for its "decision to commit to the future" of the U.K. and London, but warned that "we've got to get the regulation right and we've got to keep our taxes competitive" to keep firms like Man in London.

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…