Man Group plans hedge fund acquisitions and expansion of US business
Man Group is looking at opportunities for acquisitions and establishing a larger presence in the US hedge fund market.
Man Group is considering further acquisitions in order to grow its business.
Emmanuel (Manny) Roman, who took over as CEO of the group today (February 28, 2013), says Man will "continue to look for opportunities to grow the business through selective acquisitions". He made the comments while presenting the group's 2012 results.
Further acquisitions – the group acquired FRM in May 2012 and GLG in 2010 – may involve acquiring fund of hedge funds (FoHF) businesses as it did with FRM, by absorbing
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