Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

Man Group on acquisition hunt

Man Group is looking to further reduce its dependence on its $12.5 billion flagship strategy AHL with another acquisition.

In an interview with the Financial Times, the hedge fund firm’s chief executive Manny Roman said any acquisition would have to be the right ‘cultural fit’, with a long only fund manager said to be the target.  

‘We continue to look for opportunities to grow the business through selective acquisition,’ Roman told the FT.

‘In assessing these opportunities, we will seek to remain disciplined on price, structure and cultural fit.’

Man is thought to be sitting on a surplus cash pile of around $550 million, which is well in excess of regulatory capital requirements.

Man’s share price has come under pressure recently as AHL struggled to deliver following the credit crunch. Assets under management have fallen from a high of $80 billion in 2008 to $52.5 billion.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play From Private Bank to Private Office: the next generation of ultra high net worth investors

From Private Bank to Private Office: the next generation of ultra high net worth investors

Citywire's Anna Dumas highlights the trend towards private and family offices.

Play Inside ETFs: how to defend against bond volatility

Inside ETFs: how to defend against bond volatility

In this latest episode we call in experts from 7IM and Markit to assess how the bond sell-off has impacted ETFs.

Play The future of wealth management according to disruptive tech expert Andrew Tarver

The future of wealth management according to disruptive tech expert Andrew Tarver

Three private office investors direct their questions about the future of wealth management, to Andrew Tarver, founder of Boldrocket and disruptive tech expert.

Wealth Manager on Twitter