GLG, the discretionary investment manager of Man Group plc (“Man”) today announces a number of senior hires to its macro and fixed income team. The appointments are part of a focus on expanding GLG’s strategy as it relates to absolute return macro and fixed income.
GLG, the Financial Services Authority (“FSA”) authorised and regulated investment manager division of Man Group plc (“Man”) is pleased to announce that Sudi Mariappa will be joining to manage its absolute return fixed-income offering.
GLG Ore Hill LLC, a credit-focused, event-driven hedge fund and structured product manager based in New York, announced that it has raised $200 million for a large institutional client’s credit mandate. As of September 1, 2011, GLG Ore Hill has $1.7 billion in funds under management which is comprised of institutional assets.
Man Group ("Man") has entered into a series of transactions to acquire, at current net asset value, all the residual exposure to the Lehman estates from funds managed by its wholly owned subsidiary, GLG Partners LP. These transactions are mainly relevant to GLG’s European Long Short and North American Opportunity strategies.
Man Group plc (“Man”) has successfully launched the Man GLG Multi-Strategy fund – the first combined UCITS fund to result from Man’s acquisition of GLG Partners, Inc. in 2010, which created the world’s largest independent alternative asset manager.
Man, a world leading alternative investment manager, today announced the launch of Man IP 220 GLG Ltd1, a product which offers investors access to a combination of Man’s flagship managed futures manager AHL and a broad range of GLG’s discretionary strategies for the first time. The product is the latest addition to Man’s highly successful IP 220 range, the first of which was launched in 1996.
Man Group plc ("Man") and GLG Partners, Inc. ("GLG") are pleased to announce that the recommended acquisition of GLG by Man has been completed today, to create a multi-style, performance-focused alternative asset manager with funds of around $63 billion under management. GLG is now a wholly owned subsidiary of Man.
Further to this morning’s announcement that Man shareholders have approved the acquisition of GLG Partners Inc., Man is pleased to announce that Emmanuel Roman will assume the newly created role of Chief Operating Officer following completion of the acquisition.
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