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View the article online at http://citywire.co.uk/wealth-manager/article/a753593

Man Group confirms deal talks with Numeric

by Danielle Levy on May 29, 2014 at 08:00

Man Group confirms deal talks with Numeric

Man Group is in discussions to buy Boston-based investment firm Numeric Holdings.

In a statement to the stock exchange, Man confirmedĀ it is in discussions to buy Numeric, which takes a quantitative approach to running some $13.9 billion.

Man has been particularly acquisitive in recent years, with its notable buy of hedge firm GLG Partners four years ago.

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