Saturday, 23 August 2014
Last updated 21 hours ago
Nov 30 2007 | 10:26am 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note