Clarke To Head Man Group

Sep 8 2006 | 12:00am ET

The world’s largest hedge fund manager, Man Group, has announced that finance director Peter Clarke will replace Stanley Fink as CEO next year. Fink, who plans to spend more time pursuing his work at charitable organizations, will become non-executive deputy chairman.

Clarke has worked at Man for the past 13 years, and has been finance director for the last six.

Fink took over as CEO in 2000. Under his leadership, the London-based firm saw its AUM grow to $54 billion from $4.7 billion.


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

The U.S. Commodity Futures Trading Commission (CFTC) ordered The Goldman Sachs Group Inc., and Goldman, Sachs & Co. to pay a $120 million penalty for attempted manipulation and false reporting of ISDAFIX Benchmark Rates, a global benchmark for interest rate products.