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Man Group confirms deal talks with Numeric

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 confirmed 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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Profile: how poet Feeney helped Old Mutual Wealth blossom

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