Ex-Man Group Chief Sells 5 Million Shares

Nov 30 2007 | 11:26am ET

Eight months after retiring from his post as head of the world’s largest publicly-traded hedge fund manager, Stanley Fink has cashed in some of his stake in Man Group.

The London-based firm said in a note to the London Stock Exchange that Fink sold 5 million shares—about a quarter of his stake—for more than £27 million (US$55.9 million). Now the firm’s non-executive deputy chairman after retiring as CEO in March, Fink still owns more than 14.5 million shares.

Man’s stock price has been on the rise since this summer’s credit crisis, rising 17.2% over the past three months. Fink actually added to his stake in August, buying an additional 100,000 shares.


In Depth

Q&A: Old Hill's Stone On Private Debt, P2P And Credit Bubbles

Jun 6 2017 | 7:52pm ET

While institutional capital continues to flow into the broader private debt sector...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Steinbrugge: Asia-Focused Hedge Funds Offer Great Opportunities

Jun 23 2017 | 3:33pm ET

Emerging market strategies have outperformed their developed-market peers for five...

 
Error

From the current issue of